5215 Palmer St

Houston, TX 77004
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For Sale
Active
$725,000
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3,286 Sqft. ($221/Sqft.)
5,250 Lot Sqft
Multi-Family - Triplex

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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
State
TX
Zip Code
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

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

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.

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Estimated electricity cost

Analysis for
5215 Palmer St
An Energy Ogre member at this location would SAVE $189/year. Find out more
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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Down Payment Assistance
This property may be eligible for 11 programs and up to $34,437 in down payment assistance.  See More →

Mortgage

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

Estimated Monthly Payments

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

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Market update video

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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

Noise factors

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Source

Houston Association of REALTORS
Source last updated Apr 28, 2024 at 05:17 PM
Listing last updated Apr 03, 2024 at 01:37 PM

5215 Palmer St, Houston, TX 77004. View photos, map, tax, nearby homes for sale, home values, school info...

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