412 N 8th Street
South Houston, TX 77587
3123 sqft | 2 beds | 1 bath | 0.17 acres | #29448437
Description
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ monthly income. This versatile property features a total of 3,123 square feet, including a restaurant space, two smaller commercial units, and two rental units. Unit 3, with 2 bedrooms and 1 bathroom, is currently leased, while Unit 2, a 2 bedroom and 1 bathroom unit is leased .The restaurant lease (secured for 3 more years) brings in $3,200, presenting a unique opportunity for a business venture combined with residential space. Savvy investors will appreciate the potential for increased cash flow by leasing the two smaller commercial units, thereby enhancing the property's value. Located in a non-flooding zone, this property promises both security and growth. Further details are available to facilitate your acquisition process, with a loan estimate attached showing cash flow aligned with payments. Principal & Interest covered by restaurant lease.
Property Details
- Property SubtypeMulti Family, Multiple Detached Dwellings
- Elementary SchoolL F SMITH ELEMENTARY SCHOOL
- High SchoolSOUTH HOUSTON HIGH SCHOOL
- Middle SchoolSullivan Middle School
- SubdivisionSouth Houston
- School District41 - Pasadena
- Property TypeMulti-Family
- MLS #29448437
- MLS #29448437
- Acres0.1651
- CountyHarris
- Taxes Annual$4,221
- Cost545000
- Square Feet3123
- Year Built1945
- Bedrooms2
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated:Â . Source: HARMLS
Listing Courtesy
Listing Agent: Kate Myhan (#KMYHAN)
Listing Office: JPAR - The Sears Group (#JPAS01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
