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412 N 8th StreetSouth Houston, 77587

$550,000
Listed 257 days

Home Summary

Versatile property with commercial units and rental space, perfect for savvy investors!

3,123 sqft
2 beds
2-story
7,190 sqft lot
built in 1945

Property Type: Residential, Detached

Major Market:
South Houston
Local Market:
South Houston
School District:
Pasadena ISD

School Zones

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.

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MLS #356587699JPAR - The Sears Group
South Houston 2-story, 2-bed 412 N 8th Street-idx