5117 Rapido Rd, Houston, TX, 77033
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Vinyl Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Oven,Freestanding Oven,Electric Range,Free-Standing Range
- Laundry features: Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- All Bedrooms Down
- Flooring: Carpet,Vinyl
Heating & Cooling
- Heating features: Electric
- Cooling features: Ceiling Fan(s),Electric
Interior Area
- Total structure area: 1,053
- Total interior livable area: 1,053 sqft
Property
Details
- Parcel number: 0751900130031
Features
- Stories: 1
- Fencing: Back Yard
Lot
- Lot size: 5,536 sqft
- Features: Back Yard,Subdivided,0 Up To 1/4 Acre