For Sale
412 N 8th St South Houston, TX 77587
$535,000
Description
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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 alone. No HOA.No Food Zone
Overview
Financial
Price:
$535,000
Price/SqFT:
$171.31
Original Price:
$550,000
Reduced $:
$15,000
Reduced On:
Apr 21st, 2025
Reduced %:
2.73 %
HOA Fee:
Tax Rate:
2.55758 %
Est. Monthly:
$7,835 *
Tax Amount:
$13,683
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
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InteriorHeating:Central ElectricCooling:Central Electric
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ExteriorRoof:Wood Shingle
Documents
Listed By:
Kate Myhan
The Sears Group
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