5209 Tarawa RD Active Save Request In-Person Tour Request Virtual Tour
Houston,TX 77033
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $194
Subdivision South Park Sec 02
MLS Listing ID 83952275
Style Contemporary/Modern
Bedrooms 3
Full Baths 1
Year Built 1956
Annual Tax Amount $2,313
Tax Year 2024
Lot Size 6,560 Sqft
Property Sub-Type Detached
Property Description
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.
Location
State TX
County Harris
Interior
Heating None
Cooling Central Air,Gas
Flooring Carpet,Plank,Vinyl
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Fence,Private Yard
Fence Back Yard
Roof Type Composition
Building
Lot Description Subdivision
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Kelso Elementary School
Middle Schools Attucks Middle School
High Schools Worthing High School
School District 27 - Houston