5215 Palmer ST Save Request In-Person Tour Request Virtual Tour
Houston,TX 77004
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Option Pending
Purchase Type For Sale
Square Footage 3,286 sqft
Price per Sqft $217
Subdivision Riverside Ext
MLS Listing ID 17868122
Bedrooms 7
Full Baths 5
Year Built 1935
Annual Tax Amount $8,914
Tax Year 2023
Lot Size 5,250 Sqft
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 Electric
Flooring Laminate,Tile
Exterior
Utilities Available Electric,Gas,Water
Roof Type Composition
Building
Lot Description Cleared
Story 2
Structure Type Brick,Wood
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 Sale,Conventional,FHA,VA
Listing Terms Cash Sale,Conventional,FHA,VA
Special Listing Condition Sellers Disclosure