412 N 8th Street

South Houston, TX 77587
$550,000
3123 sqft | 2 beds | 1 bath | 0.17 acres | #29448437

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.

  • Interior Details
    • Beds & Baths
      • Bedrooms:2
      • Bathrooms:1
      • Full Baths:1
  • Property Details
    • Measurements
      • Acres:0.1651
      • Square Feet:3123
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1945
  • Community and Neighborhood Details
    • Community
      • Subdivision:South Houston
    • Location
      • School district:41 - Pasadena
      • Elementary School:L F SMITH ELEMENTARY SCHOOL
      • Middle School:Sullivan Middle School
      • High School:SOUTH HOUSTON HIGH SCHOOL
      • County:Harris
  • Financial Details
    • Pricing Details
      • Taxes annual:$4, 221
  • Other
    • Source
      • MLS #:29448437

Location

Allan AndersReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00