About 5215 Palmer St
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.
Features of 5215 Palmer St
| MLS® # | 17868122 |
|---|---|
| Price | $715,000 |
| Units | 3 |
| Bedrooms | 7 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 3,286 |
| Square Footage | 5250 |
| Year Built | 1935 |
| Type | Multi-Family |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 5215 Palmer St |
|---|---|
| Area | 4 - South |
| Subdivision | Riverside Ext |
| City | Houston |
| County | Harris |
| State | Texas |
| Zip Code | 77004-7731 |
Amenities
| Utilities | Electric, Gas, Water |
|---|---|
| Features | Fire/Smoke Alarm, Subdivision Lot, Washer/Dryer Connections, Furnished |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Gas |
|---|---|
| Cooling | Central Electric |
| Fireplace | No |
| # of Stories | 2.00 |
Exterior
| Lot Description | Cleared |
|---|---|
| Roof | Composition |
School Information
| District | 27 - Houston |
|---|---|
| Elementary | LOCKHART ELEMENTARY SCHOOL |
| Middle | CULLEN MIDDLE SCHOOL (HOUSTON) |
| High | YATES HIGH SCHOOL |
Additional Information
| Days on Website | 94 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Has Maintenance Fee | No |
| Tenancy Type | Weekly |
| Finance Available | Cash Sale, Conventional, FHA, VA |
| Expense Owner Operating | Insurance, Maintenance/Repair, Electric, Gas |
| Property Tax | $8,914 |
| Property Tax Rate | 2.130 |
| Property Tax Year | 2023 |
| Restrictions | Deed Restrictions |
Listing Details
| Office | Real Properties |
|---|