5223 Myrtlewood ST new Save Request In-Person Tour Request Virtual Tour
Houston,TX 77033
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 875 sqft
Price per Sqft $228
Subdivision Inwood Terrace Sec 02
MLS Listing ID 60370590
Style Contemporary/Modern
Bedrooms 3
Full Baths 1
Year Built 1955
Annual Tax Amount $2,078
Tax Year 2024
Lot Size 6,159 Sqft
Property Sub-Type Detached
Property Description
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.
Location
State TX
County Harris
Area 3
Interior
Heating None
Cooling None
Flooring Carpet,Plank,Vinyl
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Fence,Private Yard
Fence Back Yard
Roof Type Composition
Building
Lot Description Subdivision
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Bastian Elementary School
Middle Schools Attucks Middle School
High Schools Worthing High School
School District 27 - Houston