Active
7121 Stephens Street
Iola TX, 77861
$675,000
$96.98 per sqft
Active
6,960 sqft
Other
This mobile home park, located in the heart of Iola, Texas, offers a fantastic investment opportunity. Spread across two side-by-side lots, each measuring 0.92 acres, this property includes a total of 11 home sites. Of these, five mobile homes are owned by the park owner, while the remaining sites are tenant-owned, with tenants leasing the land. The property benefits from city utilities, ensuring convenience for all residents. With a gross annual income of $52,200 and total expenses of approximately $7,000 per year, the park yields a net annual income of $45,200. This low-maintenance investment property, situated in a charming small-town setting, provides consistent cash flow with minimal overhead. Whether you're looking to expand your real estate portfolio or invest in a reliable source of income, this mobile home park offers solid returns in a growing community.
24014345
MLSⓇ ID
October 4, 2024
Listed
November 22, 2024
Updated
Map
7121 Stephens Street
Iola TX, 77861
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central Electric
Exterior/Building Features
Other Property Details
Garage
No
View
No
County
Grimes
Pool
No
Exclusive Listing Agents
Jamie Prejean
Listed by Jamie Prejean, CENTURY 21 Integra , (979) 764-2100
Based on information from Bryan-College Station Regional Multiple Listing Service, Inc. as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 9:10 AM UTC, 11/22/2024
