$630,000
$715,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
5215 Palmer ST Houston, TX 77004
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
Bedrooms 7
Full Baths 5
Year Built 1935
Annual Tax Amount $8,914
Tax Year 2023
Property Sub-Type Triplex
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 Air, Electric
Flooring Laminate, Tile
Laundry Washer Hookup, Dryer Hookup
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Composition
Building
Lot Description Cleared, Subdivision
Story 2
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
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with Coldwell Banker Realty - Heights
