412 N 8th Street
South Houston, TX 77587
- 2 beds
- 1 bath
- 3,123 sqft
- 7,190 sqft lot
- $176 per sqft
- 1945 build
- – on site
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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.
Listing courtesy of HAR / JPAR - The Sears Group
Last checked:
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Last updated Nov 11, 2024
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MLS# 29448437 —
The Building
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Year Built:1945
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Year Built Source:Appraisal District
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New Construction:No
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Roof:Wood Shingle
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Stories:2
Financial & Terms
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Finance Available:Cash Sale, Conventional, Investor, Seller to Contribute to Buyer's Closing Costs
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Price SqFt List:$176.11
Location
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Directions:Use 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 exit toward Allen-Genoa Rd Take Allen Genoa Rd to 8th St in South Houston Merge onto La Porte Freeway Frontage Use the right 2 lanes to turn right onto Allen Genoa Rd Slight right onto S Houston Rd Continue onto 8th St 412 N 8th St South Houston, TX 77587, USA
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Latitude:29.669807
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Longitude:-95.221719
The Property
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Parcel Number:034-193-000-0381
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Section Number:01
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Property Type:Multi-Family
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Property Subtype:Multiple Detached Dwellings
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Lot Size:7,190 Sqft
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Lot Size Source:Appraisal District
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Lot Price SqFt List:76.50
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Total SqFt:3,123 Sqft
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SqFt Source:Appraisal District
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Area:6
Listing Agent
- Contact info:
- Agent phone:
- (713) 855-0588
- Office phone:
- (713) 357-0068
Taxes
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Tax Year:2023
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Tax Rate:$2.37
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Tax Amount:$4,221
Beds
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Total Bedrooms:2
Baths
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Total Baths:1.00
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Full Baths:1
The Listing
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Status:Active
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Disclosures:No Disclosures
Heating & Cooling
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Heat System:Central Electric
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Cool System:Central Electric
Schools
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Elementary:L F SMITH ELEMENTARY SCHOOL
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Middle School:SULLIVAN MIDDLE SCHOOL
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High School:SOUTH HOUSTON HIGH SCHOOL
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School District:41 - Pasadena
The Community
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Subdivision:South Houston Gardens Sec 01
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Active Community 55:No
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Restrictions:Unknown
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Management Company:No
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Maintenance Fee:No
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Other Fees:No
Extra Units
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Total Units:5
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Unit Count:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.