5223 Myrtlewood Street, Houston, Texas 77033
$200,000
3 Beds
1 Full Bath
Single-Family
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About 5223 Myrtlewood Street
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 offers stable income with a long-term tenant in place for five years, secured through October 2025. Significant structural and exterior upgrades have been completed, including new siding, windows, and exterior paint (2020), underground plumbing replacement (November 2024), and a roof replacement in 2019—substantially reducing near-term capital expenditure risk.
Condition & Value-Add:
The property currently operates with window-unit HVAC (no central air), and the kitchen remains dated, creating opportunities for investors to enhance rental income through modernization and optional HVAC installation. With core systems updated, these improvements are largely discretionary and positioned to drive rent growth and overall asset value.
Ideal for institutional investors.
Highlights
5223 Myrtlewood Street
$200,000
Single-Family
875 Home Sq Ft
Houston 77033
3 Beds
1 Full Bath
6,159 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
081-149-000-0021
Tax Rate
2.0924%
Taxes w/o Exemption/Yr
$2,078 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Floors
Carpet, Vinyl Plank
Heating
None
Cooling
None
Appliances
Electric 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 |
|---|---|---|
| Bastian Elem | Elementary | 6 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.
