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5209 Tarawa Road

Houston TX 77033

3
1
1080 sq. ft.
6560.14 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 home offers exceptional tenant stability, with the current resident occupying the property for eight years. The lease is currently month-to-month, creating immediate flexibility for rent adjustment or repositioning to market rates. Following a fire in 2016, the property underwent a complete rebuild, including new framing, plumbing, electrical, kitchen, flooring, and interior finishes, ensuring modern systems and long-term durability. Condition & Value-Add: The property operates with window-unit HVAC (no central air), representing a straightforward improvement opportunity. Given the below-market rent and upgraded condition, this property is ideally positioned for rent growth and enhanced value through HVAC installation and lease restructuring.

Features

3 bedrooms
1 bathroom
1080 sq. ft. floor area
6560.14 sq. ft. lot size
Single-Family

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 5209 Tarawa 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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(619) 566-0008
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