5209 Tarawa Road, Houston, Texas 77033
$210,000
3 Beds
1 Full Bath
Single-Family
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About 5209 Tarawa Road
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.
Highlights
5209 Tarawa Road
$210,000
Single-Family
1,080 Home Sq Ft
Houston 77033
3 Beds
1 Full Bath
6,560 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
075-190-016-0026
Tax Rate
2.0924%
Taxes w/o Exemption/Yr
$2,313 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Floors
Carpet, Vinyl Plank
Heating
None
Cooling
Gas
Appliances
Electric Oven, Freestanding Oven, Free-Standing Range
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Interior
All Bedrooms Down
Loft
No
Exterior Features
Foundation
Slab
Roof
Composition
Exterior Type
Vinyl Siding, Wood Siding
Water Sewer
Public Sewer
Private Pool
No
Area Pool
Maybe
Lot Description
0 Up To 1/4 Acre, Back Yard, Subdivided
New Construction
No
Front Door
South
Listing Firm
LHS Realty Group
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Kelso Elem | Elementary | 4 of 10 |
| Attucks Middle | Middle | 5 of 10 |
| Worthing High | High | 3 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
