7121 Stephens Street, Iola, TX 77861
- 6,960 sqft
Manufactured Home 
Built in —— 
1.93acre lot
—— car garage 
$97/sqft 
Listed 9 months ago
Property 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.
- Listing Status:
- Active
- Listing Office:
- CENTURY 21 Integra : (979) 764-2100
- Listing Agent:
- Jamie Prejean : (979) 777-1116
- MLS ID:
- 24014345
- Heating: CentralElectric
This listing courtesy of Jamie Prejean, CENTURY 21 Integra
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Iola Elementary School
7282 Fort Worth Ave, Iola, TX, 77861
Grades PK-6
0.50 miles away
Iola High School
7282 Fort Worth Ave, Iola, TX, 77861
Grades 7-12
0.50 miles away
Iola High School
7282 Fort Worth Ave, Iola, TX, 77861
Grades 7-12
0.50 miles away