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5215 Palmer St

Houston, TX 77004
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3,286 Sqft. ($221/Sqft.)
5,250 Lot Sqft
Multi-Family - Triplex

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General 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.

MLS#
17868122
List Price
$725,0003.33% ($221/Sqft.)
Listing Status
For Sale
Address
5215 Palmer St
City
Houston
State
TX
Zip Code
77004
County
Harris County
Legal Description
LT 4 BLK 9 RIVERSIDE EXTN
Property Type
Multi-Family - Triplex
Stories
2
Building Size
3,286 Sqft/Seller
Year Built
1935 /Appraisal District
Lot Size
5,250 Sqft./Appraisal District
Key Map©
533C
Market Area

Exterior

Roof
Composition
Exterior Type
Brick, Wood
Lot Description
Cleared

Financial

Financing Considered
Cash Sale, Conventional, FHA, VA
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$8,914/2023
Tax Rate
2.1298

Additional information

List Type
Exclusive Right to Sell/Lease
Unit Feature
Furnished
Buyer Agent Compensation*
3%
Sub Agent Compensation*
0%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Interior

Floors
Laminate, Tile
Cooling
Central Electric
Heating
Central Gas
Dishwasher
Yes
Disposal
Yes
Microwave
Yes

Lot Information

Lot Size
5,250 Sqft. /Appraisal District
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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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Listing Broker

Source

Houston Association of REALTORS
Source last updated Apr 27, 2024 at 11:47 PM
Listing last updated Apr 03, 2024 at 01:37 PM

Property tax

Cost/Sqft based on tax value

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Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
$-----
$-----
Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

Nearby schools view nearby schools

Subdivision Facts

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Copyright© 2024 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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