7121 Stephens ST Active Save Request In-Person Tour Request Virtual Tour
Iola,TX 77861
Key Details
Property Type Mobile Home
Sub Type Mobile Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,960 sqft
Price per Sqft $96
Subdivision Iola
MLS Listing ID 24014345
Lot Size 1.928 Acres
Property Sub-Type Mobile Home
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.
Location
State TX
County Grimes
Community Iola
Area Grimes
Interior
Heating Central,Electric