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Mixed Use: Restaurant + Multifamily 412 S 8th St 3,123 SF 100% Leased Flex Building South Houston, TX 77587 $697,460 CAD ($223.33 CAD/SF) 10% 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) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$69,760
|
$22.34
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,760 |
| Annual Per SF | $22.34 |
PROPERTY FACTS
| Price | $697,460 CAD | Lot Size | 0.16 AC |
| Price Per SF | $223.33 CAD | Rentable Building Area | 3,123 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10% | Year Built/Renovated | 1945/2023 |
| Property Type |
| Price | $697,460 CAD |
| Price Per SF | $223.33 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | |
| Lot Size | 0.16 AC |
| 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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