Spell St

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Single Family

3 beds, 1 bath

Sqft: 1,104 Sqft

Lot Size: 8,060 Sqft Lot

Year Build: 1955

Occupancy: Occupied

Notes:

Strong value-add opportunity in Houston’s 77022 zip — an area seeing consistent investor activity, solid rental demand, and reliable retail exits.

This property needs a full cosmetic renovation and is well suited for a flip or long-term rental with forced equity. The layout and bed/bath count make it attractive to both retail buyers and tenants once updated.

Condition Overview:

Full cosmetic rehab needed

Recently re-piped with PEX

Electrical updates needed

Roof believed to be in good shape

HVAC approx. 10 years old and operational

Kitchen cabinets already installed

Raised subfloor system present (seller states foundation is stable but not structurally compromised)

Localized ceiling and floor damage

Why This Deal Works:

Proven rental demand in the immediate pocket

Updated homes lease quickly after renovation

Clean flips continue to sell well nearby

Flexible exits: flip, rental, BRRRR, or short-term hold

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Resources:

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