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 alone. No HOA.No Food Zone
lease term
12 months3,123 Sq Ft
7,190 Sq Ft Exterior Space
Investment
$4,221 Annual Tax
Built in 1945
MLS/Listing ID 27621910
2 Stories
4 Units
Cooling - Electric
Wood
Heating - Electric
Listing Courtesy of THE SEARS GROUP, KATE MYHAN - 171-385-50588
Source of Data: HOUSTON ASSOCIATION OF REALTORS