Homes for sale - 5215 Palmer ST, Houston, TX 77004

Tanisha Perona

Broker Associate

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$ 630,000

$ 715,000 11.9%

Est. payment | -/mo

7 Beds

5 Baths

3,286 SqFt

$ 630,000

$ 715,000 11.9%

Est. payment | -/mo

7 Beds

5 Baths

3,286 SqFt

Key Details

Sold Price $630,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,286 sqft

Price per Sqft $191

Subdivision Riverside Ext

MLS Listing ID 17868122

Sold Date 11/26/24

Bedrooms 7

Full Baths 5

Year Built 1935

Annual Tax Amount $8,914

Tax Year 2023

Lot Size 5,250 Sqft

Property 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.

Location

State TX

County Harris

Area Riverside

Interior

Heating Central Gas

Cooling Central Electric

Flooring Laminate, Tile

Exterior

Utilities Available Electric, Gas, Water

Roof Type Composition

Building

Lot Description Cleared

Story 2

Unit Features Furnished

Structure Type Brick,Wood

New Construction No

Schools

Elementary Schools Lockhart Elementary School

Middle Schools Cullen Middle School (Houston)

High Schools Yates High School

School District 27 - Houston

Others

Senior Community No

Restrictions Deed Restrictions

Tax ID 061-084-009-0004

Acceptable Financing Cash Sale, Conventional, FHA, VA

Tax Rate 2.1298

Disclosures Sellers Disclosure

Listing Terms Cash Sale, Conventional, FHA, VA

Financing Cash Sale,Conventional,FHA,VA

Special Listing Condition Sellers Disclosure

Houston Association of Realtors (HAR MLS)

Listed by Real Properties
Bought with Coldwell Banker Realty - Heights

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+1(401) 484-0130

tanisha@rwgrealty.com

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5215 Palmer ST Houston, TX 77004