5209 Tarawa Road

Houston, TX 77033

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 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.

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 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 and Additional Information

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$157,000 Active
3 Bed(s)
1
Bath
1,080 sqft

Presented By Coldwell Banker Commercial Gateway

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Get in touch today! Phone: 1-956-937-2930
Brokerage
LHS Realty Group
1-281-773-3084
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Area Information

3 | Harris County | South Park Sec 02

$ 157,000
This listing is play_arrow 3.1% lower than the average in the area
$ 162,000 in the area
1,080 SqFt
This listing is play_arrow 4.8% larger than the average in the area
1,031 SqFt in the area
$ 145 $/SqFt
This listing is play_arrow 7.8% less than the average in the area
$ 158 $/SqFt in the area
399 days on site
This listing is play_arrow 0.0% below the average in the area
399 days on site in the area

Schools in the Area

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Listed By Jerome Love
Brokerage: LHS Realty Group

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