South Houston, TX 77587 412 N 8th Street

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Presented By: JPAR - The Sears Group;
  • MLS# 37502786
  • 07/13/2024
  • Request Tour
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  • Beds • 2
  • Baths • 1
  • SQFT • 3,123

Home Details

Investors, seize this opportunity (9% CAP) to acquire a mixed-use property on a spacious 7,190 square foot lot. 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 1 bedroom and 1 bathroom unit, is vacant and offers flexibility for new tenants or potential owner-occupancy. The restaurant lease 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. See attached. 600K owner can be your bank 20 down.
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
DOM50
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, Owner Financing, 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

Agent
Price $560,000
MLS#37502786
List Date 07/13/2024
Property Type Multi-Family
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