Homes for sale - 412 N 8th ST, South Houston, TX 77587

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LJ McGowan

lj.mcgowan@engelvoelkers.com +1(832) 287-3042

$ 550,000

Est. payment -/mo

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Active

412 N 8th ST South Houston, TX 77587

2 Beds

1 Bath

3,123 SqFt

UPDATED:

11/27/2024 11:14 PM

Key Details

Property Type Multi-Family

Sub Type Multiple Detached Dwellings

Listing Status Active

Purchase Type For Sale

Square Footage 3,123 sqft

Price per Sqft $176

Subdivision South Houston Gardens Sec 01

MLS Listing ID 29448437

Bedrooms 2

Full Baths 1

Year Built 1945

Annual Tax Amount $4,221

Tax Year 2023

Lot Size 7,190 Sqft

Property Description

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.

Location

State TX

County Harris

Area South Houston

Interior

Heating Central Electric

Cooling Central Electric

Exterior

Roof Type Wood Shingle

Building

Story 2

New Construction No

Schools

Elementary Schools L F Smith Elementary School

Middle Schools Sullivan Middle School

High Schools South Houston High School

School District 41 - Pasadena

Others

Senior Community No

Restrictions Unknown

Tax ID 034-193-000-0381

Acceptable Financing Cash Sale, Conventional, Investor, Seller May Contribute to Buyer's Closing Costs

Tax Rate 2.3721

Disclosures No Disclosures

Listing Terms Cash Sale, Conventional, Investor, Seller May Contribute to Buyer's Closing Costs

Financing Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs

Special Listing Condition No Disclosures

Houston Association of Realtors (HAR MLS)

Listed by JPAR - The Sears Group

LJ McGowan

Advisor | License ID: 716427

+1(832) 287-3042

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