Mixed Use: Restaurant + Multifamily | 412 S 8th St
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Mixed Use: Restaurant + Multifamily 412 S 8th St
3,123 SF 100% Leased Flex Building South Houston, TX 77587 $550,000 ($176/SF) 8.96% Cap Rate
Investment Highlights
- ADD VALUE
- Mix Use
Executive Summary
Investors, seize this opportunity (9% CAP) to acquire a mixed-use property on a spacious 7,190 square foot lot. This versatile property features a total of 3,123 square feet, including a restaurant space, two smaller commercial units, and two rental units. Monthly rent income is $5,070.00 ($3100 + $975 + $995).The restaurant lease brings in $3,100 and is secured for next 3 years 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/storage 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. See attached.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $550,000 | Property Type | |
Price Per SF | $176 | Rentable Building Area | 3,123 SF |
Sale Type | Investment | No. Stories | 1 |
Cap Rate | 8.96% | Year Built/Renovated | 1945/2023 |
Price | $550,000 |
Price Per SF | $176 |
Sale Type | Investment |
Cap Rate | 8.96% |
Property Type | |
Rentable Building Area | 3,123 SF |
No. Stories | 1 |
Year Built/Renovated | 1945/2023 |
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Mixed Use: Restaurant + Multifamily | 412 S 8th St
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