412 N 8th Street South Houston, TX 77587

Multi-Family Residence

2 Beds

1 Baths

Sq. Ft.

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 1/7/2025 1:13 PM

Listing Details

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 Continue reading

MLS#

27621910

Property Type

Multi-Family

Bedrooms

Bathrooms

1 Full

Year Built

1945

Price per Sq. Ft.

$176.11

Stories