5117 Rapido Road, Houston, Texas 77033
$149,000
3 Beds
1 Full Bath
Single-Family
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About 5117 Rapido 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 property provides immediate flexibility for value creation as the tenant is on a month-to-month lease, allowing for a rent adjustment or new lease structure. Significant interior renovations were completed in 2013, including all interior plumbing, bathroom remodel, new HVAC, flooring, sheetrock, and electrical upgrades. In 2022, the kitchen was fully remodeled, further enhancing interior appeal.
Condition & Value-Add:
The primary opportunity lies in exterior improvements—siding and window replacement—which would align the property with interior quality and support a rent increase to $1,250 or more per month.
Please review attachment will all other properties in portfolio sale.
Highlights
5117 Rapido Road
$149,000
Single-Family
1,053 Home Sq Ft
Houston 77033
3 Beds
1 Full Bath
5,536 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
075-190-013-0031
Tax Rate
2.0924%
Taxes w/o Exemption/Yr
$2,024 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Floors
Carpet, Vinyl Plank
Heating
Electric
Cooling
Ceiling Fan(s), Electric
Appliances
Electric Oven, Electric Range, 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 | 5 of 10 |
| Attucks Middle | Middle | 5 of 10 |
| Worthing High | High | 4 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.
