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.
lease term
12 months3,123 Sq Ft
7,190 Sq Ft Exterior Space
Investment
$4,221 Annual Tax
Built in 1945
MLS/Listing ID 76646526
2 Stories
4 Units
Cooling - Electric
Heating - Electric
Wood
Listing Courtesy of THE SEARS GROUP, KATE MYHAN - 171-385-50588
Source of Data: HOUSTON ASSOCIATION OF REALTORS
TOTAL MONTHLY COST
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