5117 RAPIDO ROAD, HOUSTON, TX 77033
Homes for sale in Houston.
Homes for sale in 77033.
List Price$149,000
5117 Rapido Road
Houston, TX 77033
Listing #89415044
3
Bedrooms
1 full
Bathrooms
1,053
Square Feet
House
Type
About This Property
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 provides immediate flexibility for value creation as the tenant is on a month-to-month lease, allowing for a rent adjustment or new lease structure. Significant interior renovations were completed in 2013, including all interior plumbing, bathroom remodel, new HVAC, flooring, sheetrock, and electrical upgrades. In 2022, the kitchen was fully remodeled, further enhancing interior appeal. Condition & Value-Add: The primary opportunity lies in exterior improvements--siding and window replacement--which would align the property with interior quality and support a rent increase to $1,250 or more per month. Please review attachment will all other properties in portfolio sale.
Property Features
Location Information
County
Harris
Longitude
-95.341888
MLS Area
Medical Center South
Subdivision
South Park Add Sec 02
Latitude
29.681802
Directions
610 exit MLK turn right on Rapido
Interior Features
Room Descriptions
12x12 Bedroom, 12x14 Bedroom, 14x14 Primary Bedroom, 18x16 Living Room
Fireplace Description
Fence, Private Yard
Interior
Ceiling Fan(s)
Exterior Features
Style
Contemporary/Modern
Has a Pool
No
Stories
1
Acre Range
0 Up To 1/4 Acre
Is New Construction
No
Lot Description
Subdivision
Construction
Vinyl Siding, Wood Siding
Lot Size in Acres
0.127
Exterior
Fence, Private Yard
Lot Size in Sq. Ft.
5,538
Has Garage
No
Is One Story
Yes
Garage Spaces
0
School
School District
Houston
Middle School
ATTUCKS MIDDLE SCHOOL
Elementary School
KELSO ELEMENTARY SCHOOL
High School
WORTHING HIGH SCHOOL
Additional Information
Property Type
SFR
Year Built
1950
Property SubType
Detached
Status
Active
Similar Listings
Mortgage Calculator
$694
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$536
Monthly Tax
$124
Monthly Insurance
$34
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder