Active
412 N 8th Street
South Houston TX, 77587
$550,000
$176.11 per sqft
Active
2 Beds
1 Bath
3,123 sqft
Multi-family
Built in 1945
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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.
29448437
MLSⓇ ID
October 16, 2024
Listed
November 21, 2024
Updated
Map
412 N 8th Street
South Houston TX, 77587
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
1
Full Bathrooms
1
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.17 Acres
Roof
Wood
School Information
School District
41 - Pasadena
High School
South Houston High School
Elementary School
L F Smith Elementary School
Other Property Details
Area Name
6
Taxes
$4,221
Tax Frequency
Annually
Days on Market
26
Garage
No
View
No
County
Harris
Pool
No
Courtesy of JPAR - The Sears Group, Kate Myhan
Based on information from the Houston Association of REALTORS as of 11/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2024 Houston Association of REALTORS. All rights reserved.
Data last updated 11:24 PM UTC, 11/21/2024
