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.
Features of 5117 Rapido Road
| MLS® # | 89415044 |
|---|---|
| Price | $149,000 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,053 |
| Square Footage | 5536.476 |
| Acres | 0.13 |
| Year Built | 1950 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Contemporary/Modern |
| Status | Active |
Community Information
| Address | 5117 Rapido Road |
|---|---|
| Area | 3 |
| Subdivision | South Park Add Sec 02 |
| City | Houston |
| County | Harris |
| State | TX |
| Zip Code | 77033-2642 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Bedroom Description | All Bedrooms Down |
Interior
| Interior Features | All Bedrooms Down |
|---|---|
| Appliances | Electric Oven, Freestanding Oven, Electric Range, Free-Standing Range |
| Heating | Electric |
| Cooling | Ceiling Fan(s), Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Back Yard, Subdivided, 0 Up To 1/4 Acre |
|---|---|
| Roof | Composition |
| Construction | Vinyl Siding, Wood Siding |
| Foundation | Slab |
School Information
| District | 27 - Houston |
|---|---|
| Elementary | Kelso Elementary School |
| Middle | Attucks Middle School |
| High | Worthing High School |
Additional Information
| Days on Website | 227 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | LHS Realty Group |
|---|