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7121 Stephens Street, Iola, TX 77861

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For Sale

$675,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Electric
    Fireplace Description

Explore this Property

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

Listed By CENTURY 21 Integra

Property Features

  • Fireplace Description
    Electric
  • Style
    Other Style

Map and Directions

Directions to 7121 Stephens Street, Iola, TX 77861

Home seller Meet the Agent,
Jamie Prejean

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Jamie Prejean

of CENTURY 21 Integra

License: 653743
(979) 777-1116
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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