412 N 8TH STREET, SOUTH HOUSTON, TX 77587
Homes for sale in South Houston.
Homes for sale in 77587.
412 N 8th Street
South Houston, TX 77587
List Price$545,000
Listing #76646526
2
Bedrooms
1 full
Bathrooms
3,123
Square Feet
5
Number of Units
Multi-Unit Residential
Type
About This Property
Investors, seize this exceptional opportunity to acquire a stabilized mixed-use property delivering a 9% CAP rate on a 7,190 SF lot--with no HOA and no flood zone. The 3,123 SF building includes a long-standing restaurant leased at $3,200/month (3-year term) and two residential units leased at $1,000/month each, generating steady income. Additional upside exists by leasing two unused on-site storage units. This is a rare chance to secure a stable, income-producing asset in a desirable area with future appreciation potential. Loan estimate available so see attachemnts.
Property Features
Location Information
County
Harris
Longitude
-95.221719
MLS Area
South Houston
Subdivision
South Houston Gardens Sec 01
Latitude
29.669807
Directions
Use the left lane to turn left onto Market St Turn left to merge onto I-610 S Use the right 2 lanes to take exit 30B to merge onto TX-225 E toward Pasadena/La Porte Continue onto TX-225 E Take the exit toward Allen-Genoa Rd Take Allen Genoa Rd to 8th St in South Houston Merge onto La Porte Freeway Frontage Use the right 2 lanes to turn right onto Allen Genoa Rd Slight right onto S Houston Rd Continue onto 8th St 412 N 8th St South Houston, TX 77587, USA
Interior Features
Total Number of Units
5
Exterior Features
Stories
2
Lot Size in Sq. Ft.
7,190
Is New Construction
No
Is One Story
No
Lot Size in Acres
0
School
School District
Pasadena
Middle School
SULLIVAN MIDDLE SCHOOL
Elementary School
L F SMITH ELEMENTARY SCHOOL
High School
SOUTH HOUSTON HIGH SCHOOL
Additional Information
Finance Available
Cash, Conventional, Investor Financing, Owner May Carry
Year Built
1945
Property Type
RI
Status
Active
Property SubType
Detached
Similar Listings
Mortgage Calculator
$2,544
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,963
Monthly Tax
$454
Monthly Insurance
$127
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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