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5117 Rapido Road

Houston TX 77033

3
1
1053 sq. ft.
5536.48 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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.

Features

3 bedrooms
1 bathroom
1053 sq. ft. floor area
5536.48 sq. ft. lot size
Single-Family

Property history for 5117 Rapido Road

2021
Rented
Undisclosed
30 Nov 2021 by Lhs Realty Group

Happy sellers in Houston

88%
88% of sellers in Houston reported that their sale price either exceeded or met their price expectations.

Houston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Houston over the last 12 months.

Local market activity for 3 bedroom single-family properties in Houston

In the last 12 months, 107 three-bedroom single-family properties similar to 5117 Rapido Road, have been sold.

This represents a 26% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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