Houston, TX 77033 5223 Myrtlewood Street
$185,000
11 more
Presented By: LHS Realty Group;
Beds • 3
Baths • 1
SQFT • 875
Home Details
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 property offers stable income with a long-term tenant in place for five years, secured through October 2025. Significant structural and exterior upgrades have been completed, including new siding, windows, and exterior paint (2020), underground plumbing replacement (November 2024), and a roof replacement in 2019—substantially reducing near-term capital expenditure risk.
Condition & Value-Add:
The property currently operates with window-unit HVAC (no central air), and the kitchen remains dated, creating opportunities for investors to enhance rental income through modernization and optional HVAC installation. With core systems updated, these improvements are largely discretionary and positioned to drive rent growth and overall asset value.
Ideal for institutional investors.
Presented By: LHS Realty Group;
General for 5223 Myrtlewood Street
Additional Parcels Y/NNo
AppliancesElectricOven, FreeStandingRange
Architectural StyleContemporaryModern
Attached Garage No
Carport Y/NNo
CityHouston
Construction MaterialsVinylSiding, WoodSiding
CoolingNone
CountyHarris
Directions610 exit cullen turn right then left on bellfort left on jutland then right on Myrtlewood
DisclosuresNone
Elementary SchoolBASTIAN ELEMENTARY SCHOOL
Elementary School District27 - Houston
Facing DirectionSouth
Full Baths1
Garage Spaces0.0
Garage Y/NNo
HOANo
HeatingNone
High SchoolWORTHING HIGH SCHOOL
High School District27 - Houston
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLT 21 BLK 18 INWOOD TERRACE SEC 2
LevelsOne
Lot Size UnitsSquareFeet
MLS Area3
MLS Area MinorMedical Center South
Middle/Junior High SchoolATTUCKS MIDDLE SCHOOL
Middle/Junior School District27 - Houston
MobileHomeRemainsYNNo
ModificationTimestamp2025-09-20T09:38:05.710-00:00
New ConstructionNo
PostalCityHouston
Property SubtypeDetached
Property TypeResidential
Rent Control Y/NNo
RoofComposition
Security FeaturesSmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameInwood Terrace Sec 02
Tax Annual Amount2078.0
Tax Year2024
Total Rooms4
Year Built1955
Year Built SourcePublicRecords
Interior for 5223 Myrtlewood Street
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Plank, Vinyl
Half Baths
Heating Y/NNo
Interior AmenitiesTubShower
Laundry FeaturesElectricDryerHookup
LivingAreaSourceAppraiser
Room TypeLivingRoom
Total Baths1
Total Bedrooms3
Exterior for 5223 Myrtlewood Street
Building Area Total875.0
Crops Included Y/NNo
Exterior AmenitiesFence, PrivateYard
FencingBackYard
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSubdivision
Lot Size Acres0.1414
Lot Size Area6160.0
Lot Size SourceAppraiser
Road Surface TypeAsphalt
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
