412 N. 8th Street, Houston, Texas 77587
$535,000
2 Beds
1 Full Bath
Multi-Family
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About 412 N. 8th Street
Investors, seize this opportunity to acquire a mixed-use property on a spacious 7,190 square foot lot with 5,075$ 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
Highlights
412 N. 8th Street
$535,000
Multi-Family
3,123 Home Sq Ft
Houston 77587
2 Beds
1 Full Bath
7,190 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
034-193-000-0381
Tax Rate
2.3721%
Taxes w/o Exemption/Yr
$4,221 / 2023
Maint Fee
No
Interior Features
Fireplace
No
Heating
Electric
Cooling
Electric
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Loft
No
Exterior Features
Roof
Wood
Private Pool
No
Area Pool
Maybe
New Construction
No
Listing Firm
The Sears Group
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| L F Smith Elem | Elementary | 6 of 10 |
| Sullivan Middle | Middle | None of 10 |
| South Houston High | High | 3 of 10 |
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.
