$575,000 Price Analysis    ♡   South Houston, TX 77587 2 bed 1 bath 3,123 SqFt ($184/SqFt) 7,190SqFt lot. Built 1945 Listed 2024-03-19, Taxes $4,348 | Ⓧ USDA Ineligible due to location near South Houston |
Fantastic oppo rtunity to acquire a mixed-use property nestled on a sizeble 7
190 square foot lot. This versatile property boasts a total of 3, 123 square feet, featuring a restaurant space alongside two smaller commercial units and two rental units. Unit 3 presents a comfortable layout with 2 bedrooms and 1 bathroom, currently leased. Meanwhile, Unit 2 offers a cozy 1 bedroom and 1 bathroom configuration, currently vacant, offering flexibility for new occupants or potential owner-occupancy.
With the restaurant lease set to expire this year, this property presents a unique opportunity for those seeking both a business venture and residential space. Savvy investors will appreciate the potential for increased cash flow by leasing out the two smaller commercial units, enhancing the property's value. Property located in non flooding zone. Further details are readily available to facilitate your acquisition process . Please refrain from disturbing tenants and visiting property.
Presented by Kate Myhan at
JPAR - The Sears Group.
Property MLS #46473347 from Houston
Full Bathrooms: 1
Heating Features: Central Electric
Lot Size Source: Appraisal District
Lot Size Square Feet: 7190
Calculated Total Monthly Association Fees: 0
High School: SOUTH HOUSTON HIGH SCHOOL
Middle School: SULLIVAN MIDDLE SCHOOL
School District: 41 - Pasadena
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Harris
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
Tax Year: 2023
Source Property Type: Multi-Family
Area: 6
Source Neighborhood: South Houston Gardens Sec 01
Parcel Number: 034-193-000-0381
Postal Code Plus 4: 3504
Public Survey Section: 01
Subdivision: South Houston Gardens Sec 01
Property Subtype: Multiple Detached Dwellings
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $106,700 + $56,800 $163,500 | $4,348 |
| 2021 | $79,843 + $46,150 $125,993 | $3,559 |
| 2020 | $76,440 + $46,150 $122,590 | $3,499 |
| 2019 | $77,925 + $37,275 $115,200 | $3,309 |
| 2018 | $68,013 + $34,435 $102,448 | $3,017 |
| 2017 | $67,465 + $34,435 $101,900 | $2,997 |
| 2016 | $61,937 + $30,175 $92,112 | $2,578 |
| 2015 | $46,439 + $23,075 $69,514 | $1,988 |
| 2014 | $46,439 + $23,075 $69,514 | $1,957 |
| 2013 | $47,387 + $23,075 $70,462 | $2,002 |
| 2012 | $unknown + $unknown $68,234 | $2,126 |
| 2011 | $unknown + $unknown $87,539 | $2,503 |
| 2010 | $unknown + $unknown $87,539 | $1,517 |
| 2009 | $unknown + $unknown $87,539 | $1,508 |
| 2008 | $unknown + $unknown $87,539 | $1,509 |
| 2007 | $unknown + $unknown $81,647 | $519 |
$575,000
Houston
Year Built: 1945
Levels: 2
Living Area Source: Appraisal District
Property Age: 79
Roof: Wood Shingle
Levels or Stories: 2
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.