5234 Ripplebrook Drive
Houston, TX 77045
1292 sqft | 4 beds | 1 bath | 0.16 acres | #94648607
Description
Stabilized 12-Home SFR Portfolio | Houston, TX | $142K NOI | 5.5% Cap | Rent Growth & Market Appreciation Potential *** OPPORTUNITY ZONE *** (Seller will not sell home individually)
This property is the largest home in the portfolio, featuring four bedrooms and two living areas, making it highly attractive to families and long-term tenants. The home was completely rebuilt in 2018, including all new electrical and plumbing systems, roof, siding, exterior paint, flooring, and full interior finishes, ensuring modern construction standards and minimal near-term CapEx.
Condition & Value-Add:
With the major systems and interior recently renovated, this property requires no significant improvements, providing immediate income stability. Future value enhancement could come from modest cosmetic upgrades or lease adjustments at renewal.
Property Details
- Lot DescriptionBack Yard, Subdivided, 0 Up To 1/4 Acre
- High SchoolMADISON HIGH SCHOOL (HOUSTON)
- Elementary SchoolGRISSOM ELEMENTARY SCHOOL
- SubdivisionPost Oak Village Sec 02
- Property SubtypeSingle Family Residence
- Middle SchoolLawson Middle School
- StyleContemporary/Modern
- InteriorAll Bedrooms Down
- Structure TypeFree Standing
- Sewer InformationPublic Sewer
- School District27 - Houston
- Property TypePurchase
- MLS #94648607
- MLS #94648607
- Acres0.1625
- Utility SourcePublic
- CountyHarris
- Taxes Annual$4,147
- Cost285000
- Square Feet1292
- Year Built1958
- FoundationSlab
- Bedrooms4
- Bathrooms1
- Full Baths1
Location
Legal
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Houston Realtors Information Service, Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright 2022 Houston Association of REALTORS, Inc. All rights reserved.
Last Updated:Â . Source: HARMLS
Listing Courtesy
Listing Agent: Jerome Love (#JLOVE)
Listing Office: LHS Realty Group (#LHSR01)
Interested in Purchasing 5234 Ripplebrook Drive?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
