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Image 1 - 5114 Grantwood St, Houston, Texas, 77004 - House for sale
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Home For Sale In Houston, Texas
5114 Grantwood St, Houston, Texas, 77004

Home For Sale In Houston, Texas

house for sale
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Listed: 03/01/24

5114 Grantwood St, Houston, Texas, 77004

6 Bed:
2 Bath:
1,500 Sq Ft Living Area:
Save
Price
$ 825,000

About This House

Wonderful income opportunity for either an investor or an owner-occupant!! This completely renovated property includes a3BR/2BTHhome with the added bonus of 3 garage apartments with so much income potential! The main house features quartz counters, SS appliances, a huge island for entertaining, designer finishes, refrigerator and W/D included and more! Of the garage apartments at the rear of the property, 2 have been recently updated (a large studio unit up and a2BR/1BTHunit down) and the 3rd unit is a well maintained1BR/1BTH.Current cap rate is 9.5% and with this large lot there is additional opportunity to build more rental units! The location cant be beat - just minutes away from the University of Houston, the TX Medical Center, Reliant Stadium, Downtown and more! Whether owner-occupied, utilized as AirBnBs (NO HOA) or as long term rentals, this is the ideal place for guests to Come Stay Where They Play!

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Houston Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 1 bed houses for sale in/near Houston, United States averaged $419,468, an increase of 44.4% from the previous month.
Median price trends for properties for sale in Houston, United States as of May 2024.

Household Income

Median household income: $51,203
Number of households: 849,105
The average household income in Houston, TX grew from $50,896 to $51,203 in the past year. This data is an estimate based upon 849,105 households in Houston, TX.
The chart below presents how household income is distributed in Houston, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Houston, TX compared to median property taxes around the country. The prevalent amount of property taxes in Houston, TX equals $3k+ , which is more than the national average.