Average square foot calculated using Size range provided by listing agent.
Description
Stabilized 12-Home SFR Portfolio | Houston, TX | $142K NOI | 5.5% Cap | Rent Growth & Market Appreciation Potential *** OPPORTUNITY ZONE *** This home was completely rebuilt in 2020 following fire damage, with all-new plumbing, electrical, roofing, siding, interior finishes, and structural components, creating a near-new construction standard. The property features high-quality upgrades, including granite countertops, stainless steel appliances, and modern fixtures, positioning it as a premium rental within the portfolio. Condition & Value-Add: While the property is in excellent condition, current rent is below market due to historical neighborhood factors. However, these have been mitigated—the adjacent drug house has been removed, and new construction is underway across the street, signaling neighborhood improvement and supporting future rent growth. With a month-to-month lease, investors have immediate flexibility to adjust rents or reposition the asset.Show Description
MLS® Number96951063
Laundry LevelElectric Dryer Hookup
Central VacNo
FireplaceNo
Acreage0.1178
Exterior
GarageNo
Approx. Age1955
Basement
Driveway
Garage Spaces
HeatElectric
A/CElectric
Heating Fuel
Extras
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