412 N 8th ST Active Save Request In-Person Tour Request Virtual Tour
South Houston,TX 77587
Key Details
Property Type Multi-Family
Sub Type Multiple Detached Dwellings
Listing Status Active
Purchase Type For Sale
Square Footage 3,123 sqft
Price per Sqft $176
Subdivision South Houston Gardens Sec 01
MLS Listing ID 29448437
Bedrooms 2
Full Baths 1
Year Built 1945
Annual Tax Amount $4,221
Tax Year 2023
Lot Size 7,190 Sqft
Property Description
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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.
Location
State TX
County Harris
Area South Houston
Interior
Heating Central Electric
Cooling Central Electric
Exterior
Roof Type Wood Shingle
Building
Story 2
New Construction No
Schools
Elementary Schools L F Smith Elementary School
Middle Schools Sullivan Middle School
High Schools South Houston High School
School District 41 - Pasadena
Others
Acceptable Financing Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs
Listing Terms Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs
Special Listing Condition No Disclosures