412 N. 8th Street, Houston, Texas 77587
$550,000
- 2 Beds
- 1 Full Bath
- Multi-Family
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About 412 N. 8th Street
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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
Research flood zones
Highlights
- 412 N. 8th Street
- $550,000
- Multi-Family
- 3,123 Home Sq Ft
- Houston 77587
- 2 Beds
- 1 Full Bath
- 7,190 Lot Sq Ft
General Description
- Listing Price $550,000
- City Houston
- Zip Code 77587
- Subdivision South Houston Gardens Sec 01
- Listing Status Active
- Baths 1 Full Bath(s)
- Stories 2
- Year Built 1945 / Appraisal District
- Lot Size 7,190 / Appraisal District
- MLS # 27621910 (HAR)
- Days on Market 72 days
- Total Days on Market 338 days
- List Price / Sq Ft $176.11
- Address 412 N. 8th Street
- State Texas
- County Harris
- Property Type Multi-Family
- Bedrooms 2
- Garage 0
- Building Sq Ft 3,123
- Market Area South Houston Area
- Key Map 536Y
- Area 6
Taxes & Fees
- Tax ID034-193-000-0381
- Tax Rate2.3721%
- Taxes w/o Exemption/Yr$4,221 / 2023
- Maint FeeNo
Interior Features
- FireplaceNo
-
Heating
Central Electric
-
Cooling
Central Electric
- DishwasherMaybe
- RangeYes
- DisposalMaybe
- MicrowaveMaybe
- LoftMaybe
Exterior Features
-
Roof
Wood Shingle
- Private PoolMaybe
- Area PoolMaybe
- New ConstructionNo
- Listing Firm
Schools (PASADE - 41 - Pasadena)
Name |
Grade |
Great School Ranking |
Performance Index |
Distinction Designations |
L F Smith Elem |
Elementary |
5 of 10 |
4 of 4 |
1 of 7 |
Sullivan Middle |
Middle |
None of 10 |
None of 4 |
None of 7 |
South Houston High |
High |
4 of 10 |
4 of 4 |
2 of 7 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
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