South Houston, TX 77587 412 N 8th Street
$545,000
45 more
Presented By: JPAR - The Sears Group;
Home Details
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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.
Presented By: JPAR - The Sears Group;
Interior Features for 412 N 8th Street
Bedrooms
Total Bedrooms2
Bathrooms
Total Baths1.00
Other Interior Features
Unit Count4
Sq Ft Total3123
Sq Ft SourceAppraisal District
Cool SystemCentral Electric
General for 412 N 8th Street
Census Tract3214.01
CitySouth Houston
CountyHarris
DOM61
DirectionsUse the left lane to turn left onto Market St Turn left to merge onto I-610 S Use the right 2 lanes to take exit 30B to merge onto TX-225 E toward Pasadena/La Porte Continue onto TX-225 E Take the ex
DisclosuresNo Disclosures
Elementary SchoolL F SMITH ELEMENTARY SCHOOL
Fee Other
Finance AvailableCash Sale, Conventional, Investor, Seller May Contribute to Buyer's Closing Costs
Full Baths1
Geo Market AreaSouth Houston
HeatingCentral Electric
High SchoolSOUTH HOUSTON HIGH SCHOOL
List TypeExclusive Right to Sell/Lease
Maintenance Fee Y/N
Middle SchoolSULLIVAN MIDDLE SCHOOL
New Construction0
Property TypeMulti-Family
RestrictionsUnknown
RoofWood Shingle
School District41 - Pasadena
StatusActive
Stories2
Sub TypeMultiple Detached Dwellings
SubdivisionSouth Houston Gardens Sec 01
Tax Rate2.3721
Tax Year2023
Unit Total5
Year Built1945
Yearly Taxes4221
Exterior for 412 N 8th Street
Lot Size7190
Lot Size SourceAppraisal District
Additional Details
Price History
Schools
High School
South Houston High School
Elementary School
L F Smith Elementary School
Middle School
Sullivan Middle School
Kate Myhan
Broker Associate