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3403 Pine Ridge Ln, Houston, TX 77088

$223,500
: 3
BD
: 2
BA
: 1,811
SqFt

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List Price: $223,500
Status: ACTIVE
MLS#: 32373916
Days on Market: 0
Year Built: 1978
Style: Traditional
Bedrooms: 3
Bathrooms: 2
Full-baths: 2
Living Area: 1,811
Lot Size: 7,150
Lot Size Source: Appraiser
Subdivision: Inwood Pines Sec 04
Region: 11
Market Area: Northwest Houston
County: Harris

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Property Description

Tenant-occupied with a lease in place through April 2027, this home offers an established rental opportunity with a calculated cap rate exceeding 5% at the current asking price. The tenant has expressed strong interest in renewing for another year, providing potential for continued occupancy beyond the current lease. Maintenance costs have been very low over the past two years, with records available upon request. Includes appliances, including dishwasher purchased in last 12 months. HVAC unit was replaced since last purchased as well. Situated on an oversized cul-de-sac lot, the home features vaulted ceilings, granite countertops, and a covered back porch overlooking a huge backyard with plenty of space to relax and entertain. An appealing option for investors seeking an income-producing property or buyers planning a future move after the tenancy ends. Low taxes, Low HOA, a fantastic opportunity!

281-804-2291

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Additional Information

Finance Available: Cash, Investor Financing
Taxes: $5,111
Neighborhood: Northwest Houston
Interior Features: Breakfast Area, Entrance Foyer, Granite Counters, High Ceilings, Kitchen/Family Room Combo, Primary Downstairs, Pantry, Tub Shower, Vanity, Walk-In Closet(s)
Heating: Central, Natural Gas
Cooling: Central Air, Electric
Stories: 1
Fireplaces: 1
Lot Description: Cul-De-Sac
Foundation: Slab
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Dryer, Refrigerator, Washer
Roof: Composition
Garage Spaces: 2
School District: Aldine
Elementary School: Caraway Elementary School (Aldine)
Middle School: Garcia Middle School (Aldine)
High School: Eisenhower High School