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
Senior Community No
Restrictions Unknown
Tax ID 034-193-000-0381
Acceptable Financing Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs
Tax Rate 2.3721
Disclosures No Disclosures
Listing Terms Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs
Financing Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs
Special Listing Condition No Disclosures