1. Texas
2. Houston
3. 5209 Tarawa Road

5209 Tarawa Road, Houston, TX 77033

• 3 beds |
• 1 bath |
• 1,080 sqft

Property Description

Stabilized 12-Home SFR Portfolio | Houston, TX | $142K NOI | 5.5% Cap | Rent Growth & Market Appreciation Potential *** OPPORTUNITY ZONE *** (Seller will not sell home individually) This home offers exceptional tenant stability, with the current resident occupying the property for eight years. The lease is currently month-to-month, creating immediate flexibility for rent adjustment or repositioning to market rates. Following a fire in 2016, the property underwent a complete rebuild, including new framing, plumbing, electrical, kitchen, flooring, and interior finishes, ensuring modern systems and long-term durability. Condition & Value-Add: The property operates with window-unit HVAC (no central air), representing a straightforward improvement opportunity. Given the below-market rent and upgraded condition, this property is ideally positioned for rent growth and enhanced value through HVAC installation and lease restructuring.

Listing Status:

Active

Date Added:

July 25, 2025 at 05:00AM

Listing Office:

LHS Realty Group : 281-773-3084

Listing Agent:

Jerome Love : 1+281-773-3084

MLS ID:

83952275

Interior

• General: All Bedrooms Down
• Appliances: Electric OvenFreestanding OvenFree-Standing Range
• Laundry: Electric Dryer Hookup
• Flooring: CarpetVinyl Plank
• A/C: Gas
• Heating: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Jerome Love, LHS Realty Group