Houston Properties

412 N. 8th Street, Houston, Texas 77587

$550,000

  • 2 Beds
  • 1 Full Bath
  • Multi-Family
  • Resturant/Retail
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Paige Martin
713-425-4194
pmartin@houstonproperties.com
Real Estate Broker
Keller Williams Memorial

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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

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Highlights

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

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Room/Lot Size

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

Read more about Houston's Top Schools

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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Paige Martin
713-425-4194
pmartin@houstonproperties.com
Real Estate Broker
Keller Williams Memorial

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