Address
5215 Palmer Street, Houston, TX
Price
$ 715,000
Property Attributes
- MLS#17868122
- TypeMulti-Family
- CountyHARRIS
- CityHouston
- Area4
- NeighborhoodRiverside Ext
- Zip77004
- StyleMulti-Family
- Year Built1935
- Taxes$ 8914
- Price$ 715,000
- Bedrooms7
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3286
- Lot Size0.120523 Acres
Data Source:
Houston Association of REALTORS® (HAR)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Lockhart Elementary School | Cullen Middle School (Houston) | Yates High School |
| Price History | |
|---|---|
| 2/15/2024 | Listed $750,000 |
| 4/3/2024 | 4% - $725,000 |
| 5/15/2024 | 2% - $715,000 |
General Features
| Heating | Central Gas |
|---|---|
| Utilities | Electric,Gas,Water |
| Roof | Composition |
| Restrictions | Deed Restrictions |
| Full Baths | 5 |
| Year Built | 1935 |
| Subdivision | Riverside Ext |
| Stories | 2 |
| County | Harris |
| Tax Rate | 2.1298 |
| Property Type | Multi-Family |
| Yearly Taxes | 8914 |
| Census Tract | 3130 |
| Tax Year | 2023 |
| Status | Active |
| Misc Features | Fire/Smoke Alarm,Subdivision Lot,Washer/Dryer Connections |
| Sub Type | Triplex |
| Directions | 288 North. Exit Southmore Blvd. and make a Right onto Southmore Blvd. Make a Right onto Palmer St. |
| City | Houston |
| Disclosures | Sellers Disclosure |
| School District | 27 - Houston |
| Geo Market Area | Riverside |
| DOM | 120 |
| Elementary School | LOCKHART ELEMENTARY SCHOOL |
| Middle School | CULLEN MIDDLE SCHOOL (HOUSTON) |
| Finance Available | Cash Sale,Conventional,FHA,VA |
| High School | YATES HIGH SCHOOL |
| List Type | Exclusive Right to Sell/Lease |
| Unit Total | 3 |
Interior Features
| Unit Features | Furnished |
|---|---|
| Total Bedrooms | 7 |
| Floors | Laminate,Tile |
| Disposal | 1 |
| Refrigerator | 1 |
| Range | 1 |
| Dishwasher | 1 |
| Microwave | 1 |
| Unit Count | 2 |
| Sq Ft Total | 3286 |
| Sq Ft Source | Seller |
| Cool System | Central Electric |
| Total Baths | 5.00 |
Exterior Features
| Siding | Brick,Wood |
|---|---|
| Lot Size Source | Appraisal District |
| Lot Size | 5250 |
| Lot Description | Cleared |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 77004
Price
Taxes
Visits
Year Built
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
