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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.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 11/4/2025 |
|---|---|---|---|
| TRACT | South Park Sec 02 | YEAR BUILT | 1956 |
| COMMUNITY | 3 | COUNTY | Harris |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Kelso Elementary School |
|---|---|
| Jr. High School | Attucks Middle School |
| High School | Worthing High School |
| PRICE HISTORY | |
| Prior to Nov 4, '25 | $210,000 |
|---|---|
| Nov 4, '25 - Today | $157,000 |
| ADDITIONAL DETAILS | |
| AIR | Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Free-Standing Range, Oven |
| AREA | 3 |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | None |
| INTERIOR | Granite Counters |
| LOT | 6560 sq ft |
| LOT DESCRIPTION | Back Yard, Subdivided |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Contemporary/Modern |
| SUBDIVISION | South Park Sec 02 |
| TAXES | 2313 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with LHS Realty Group
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