5215 Palmer Street
5215 Palmer Street
$715,000
7
5
3,286
3,286
$218
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...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.
- Listed by Marco Mendoza • TREC #0677246 • Real Properties
Property Details for 5215 Palmer Street
Area
4
Geo Market AreaRiverside
SubdivisionRiverside Ext
School District27 - Houston
Cool SystemCentral Electric
Location
LISTING UPDATED: 05/15/2024 08:02 AM
Property Details for 5215 Palmer Street
Status | Active |
---|---|
MLS # | 17868122 |
Days on Market | 118 |
Taxes | $8,914 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Triplex |
Year Built | 1935 |
Lot Size | 0.12 AC / 5,250 SF |
County | Harris County |
Location
Building Information for 5215 Palmer Street
Stories2Residences2Year Built1935Building Size-Lot Size0.12 AC / 5,250 SF
Payment Calculator
$4,645 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5215 Palmer Street
Property History for 5215 Palmer Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5215 Palmer Street
Taxable ValueLand$162,750Additions$255,767Total$418,517
Tax Record2022$8,432 ($703 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt2,310 SqFtAbove Grade Finished SqFt2,310 SqFtStories2Lot Size5,249 SqFtStyleSingle Family ResidenceYear Built1935CountyHARRISAPN0610840090004
Schools near 5215 Palmer Street
This home is within Houston Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lockhart Elementary School PublicPK to 5 | ||
Cullen Middle School Public6 to 8 | ||
Yates High School Public9 to 12 | ||
Energy Institute High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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