Property Detail

5215 Palmer St

Houston, United States

$750000 $725,000

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.

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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General Description

Property Type

Multi-Family - Triplex

Status

Active on Market

Bedrooms:

0 Bedrooms

Baths:

0 Full Bath(s)

Stories:

2 STORY

Year Built:

1935

Build SqFt:

3,286 Seller

Lot Size:

5,250 Appraisal District

Finance Avalable:

Cash Sale,Conventional,FHA,VA

Bldg. Type:

Triplex

Subdivision:

Riverside Ext

Market Area:

Riverside

City / Zip:

Houston / 77004

Key Map:

Page 533C

Days on Market:

71 day(s)

Room Dimensions

Data are not available ...

Interior Features

Floors:

Laminate,Tile

Cooling:

Central Electric

Heating:

Central Gas

Disposal:

Yes

Dishwasher:

Yes

Microwave:

Yes

Exterior Features

Roof:

Composition

Exterior Type:

Brick,Wood

Lot Description:

Cleared

School Information

District:

Houston ISD

Elem Sch:

LOCKHART

Middle Sch:

CULLEN (HOUSTON)

High Sch:

YATES

Listing Broker: REAL PROPERTIES

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