1. Texas
2. Houston
3. 5223 Myrtlewood Street

5223 Myrtlewood Street, Houston, TX 77033

• 3 beds |
• 1 bath |
• 875 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 25, 2025 at 05:00AM

Listing Office:

LHS Realty Group : 281-773-3084

Listing Agent:

Jerome Love : 1+281-773-3084

MLS ID:

60370590

Interior

• General: All Bedrooms Down
• Appliances: Electric OvenFree-Standing Range
• Laundry: Electric Dryer Hookup
• Flooring: CarpetVinyl Plank
• A/C: None
• Heating: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Jerome Love, LHS Realty Group