$715,000
Pending

5215 Palmer Street

Houston, TX 77004
3286 sqft | 7 beds | 5 baths | 0.12 acres | #17868122
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

Great turnkey investment opportunity! Completely remodeled, fully furnished Duplex plus a Casita! Currently being used as an Airbnb and grossed $94k over the past 12 months. The front building features two units, each with 3 bedrooms, 2 full bathrooms, a full kitchen, and living area; the Casita in the back is a studio apartment with a full bathroom. All three units were fully remodeled and updated in 2023. The shared courtyard with string lights is perfect for guests/tenants to enjoy. Just minutes from the Texas Medical Center, Museum District, and Universities. Airbnb bookings in the area continue to increase from a year ago. All appliances included with the sale! Cap rate 8.9% at asking.

  • Interior Details
      • Bedrooms7
      • Bathrooms5
      • Full Baths5
  • Property Details
      • Lot DescriptionSubdivision Lot, Cleared
    • Measurements
      • Acres0.1205
      • Square Feet3286
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1935
  • Utilities / Energy Details
      • Utility FeaturesElectric, Natural Gas Connected, Water Connected
  • Community and Neighborhood Details
      • SubdivisionRiverside Ext
    • Location
      • Middle SchoolCullen Middle School (Houston)
      • Elementary SchoolLOCKHART ELEMENTARY SCHOOL
      • High SchoolYATES HIGH SCHOOL
      • School District27 - Houston
      • CountyHarris
  • Financial Details
      • Taxes Annual$8,914
  • Other
      • MLS #17868122

Location

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The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Houston Realtors Information Service, Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright 2022 Houston Association of REALTORS, Inc. All rights reserved.

Last Updated: . Source: HARMLS

Listing Courtesy
Listing Agent: Marco Mendoza (#math)
Listing Office: Real Properties (#RPTI01)

Phillip BalesReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

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6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
$0.00

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    The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

    The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Houston Realtors Information Service, Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

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