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7121 Stephens Street
Iola, TX 77861
0 Beds
0 Baths
6,960 sq ft
MLS 24014345
MLS 24014345
Beds
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Sq Ft
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.
On the market for 54 days
Multi-Family built in 0
$97 per sq ft
No Pool
Summary of the property details
Sq. Ft:
6,960
Style:
Mobile Home
County:
Grimes
Last updated Nov 23, 2024
Parking, utilities, etc for the listing
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Elementary
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No upcoming open houses
CENTURY 21 Integra
Homes similar to 7121 Stephens Street are listed between $268,445 and $949,900 at and average of $218 per square foot.
