5215 Palmer Street, Houston TX, 77004
(Active)
$725,000
|
7 beds, 5 Full baths, 3,286 sqft
|
MLS# 17868122
Last Updated: 5/15/2024 5:26 AM
Description for
5215 Palmer Street
Houston, TX 77004
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.
Price
$725,000
Riverside Ext
Harris
7
5 Full
3,286 (approx)
17868122
Active
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.
Listing Information
| Property Type: Triplex, Multi-Family, 2 Story | ||
| 7 | 5 Full | |
| 3,286 (approx) | 1935 | 2 |
Riverside Ext
Natural Gas Available
Neighborhood
School Information
| District: 27 - Houston | ||
| LOCKHART ELEMENTARY SCHOOL | CULLEN MIDDLE SCHOOL (HOUSTON) | YATES HIGH SCHOOL |
Room Information
| Bathrooms | |||
| 5 | |||
Interior Features
Dishwasher, Disposal, Microwave, Range, Refrigerator
Tile, Laminate
Central Air
Gas Heat,
Central
Smoke Detector(s)
Exterior / Lot Features
Composition
Cleared
Community Features
Smoke Detector(s)
Driving Directions
288 North. Exit Southmore Blvd. and make a Right onto Southmore Blvd. Make a Right onto Palmer St.
Financial Considerations
| 061-084-009-0004 |
| $8,914 |
Listing Price History
Houston Real Estate
Houston is located in Texas. Houston, Texas 77004 has a population of 2,384,026.
The median household income in Houston, Texas 77004 is $58,094. The median household income for the surrounding county is $66,395 compared to the national median of $66,222. The median age of people living in Houston 77004 is 35 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/3/2024 | Active | $725,000 USD -3.33% |
|
| 2/15/2024 | Active | $750,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2022 | $8,432 USD | 424.80% | $418,517 USD | -2.67% |
| 2021 | $1,607 USD | 13.25% | $429,995 USD | 2.74% |
| 2020 | $1,419 USD | -77.30% | $418,517 USD | 54.41% |
| 2019 | $6,250 USD | 5.49% | $271,047 USD | 10.00% |
| 2018 | $5,925 USD | 10.15% | $246,407 USD | 10.00% |