7121 Stephens Street Iola, TX 77861
Listing Courtesy of: BRYAN -COLLEGE STATION / Century 21 Integra / Jamie Prejean

  7121 Stephens Street Iola, TX 77861

Active (80 Days)
$675,000

Description

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.

MLS #:
24014345
Lot Size
1.93 acres
Type
Multifamily
School District
Iola
County
Grimes County

Listed By

Jamie Prejean, Century 21 Integra
Source
BRYAN -COLLEGE STATION
Last checked Dec 24 2024 at 12:11 AM EST
Bathroom Details
Subdivision
  • Iola
Heating and Cooling
  • Central Electric
Living Area
  • 6,960 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by C21 North East and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Bryan-College Station MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/23/24 16:11