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 Type(s):
Single Family
SCHOOLS
| Elementary School |
Kelso Elementary School |
| Jr. High School |
Attucks Middle School |
| High School |
Worthing High School |
Price History
|
Prior to Nov 4, '25
|
$210,000 |
| Nov 4, '25 - Today |
$149,000 |
Additional Details
| AIR |
Ceiling Fan(s), Electric |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Electric Oven, Electric Range, Free-Standing Range, Oven |
| AREA |
3 |
| CONSTRUCTION |
Vinyl Siding, Wood Siding |
| HEAT |
Electric |
| LOT |
5536 sq ft |
| LOT DESCRIPTION |
Back Yard, Subdivided |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Contemporary/Modern |
| SUBDIVISION |
South Park Add Sec 02 |
| TAXES |
2024 |
| WATER |
Public |
Location
Listed with LHS Realty Group
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