Houston, TX 77033,5223 Myrtlewood ST
Houston, TX 77033,5223 Myrtlewood ST
Houston, TX 77033,5223 Myrtlewood ST
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$200,000
Est. payment /mo
3 Beds
1 Bath
875 SqFt
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UPDATED:

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

HOA Y/N No

Year Built 1955

Annual Tax Amount $2,078

Tax Year 2024

Lot Size 6,159 Sqft

Acres 0.1414

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

Interior Features Tub Shower

Heating None

Cooling None

Flooring Carpet, Plank, Vinyl

Fireplace No

Appliance Electric Oven, Free-Standing Range

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Fence, Private Yard

Fence Back Yard

Water Access Desc Public

Roof Type Composition

Private Pool No

Building

Lot Description Subdivision

Faces South

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary/Modern

Level or Stories One

New Construction No

Schools

Elementary Schools Bastian Elementary School

Middle Schools Attucks Middle School

High Schools Worthing High School

School District 27 - Houston

Others

Tax ID 081-149-000-0021

Security Features Smoke Detector(s)


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Houston Realtors Information Service / HAR MLS
Listed by LHS Realty Group Jerome Love

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agent

Rhonda Trevino

+1(281) 732-5007

Broker / Owner | License ID: 596151

Broker / Owner License ID: 596151

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