7121 Stephens Lane
Iola, TX 77861
$675,000
Price
15
Beds
8
Baths
2
1/2 Baths
6,960 Sq. Ft.
$97 / Sq. Ft.
6,960
Sq. Ft.
$97
per Sq. Ft.
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...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.
- Listed by Jamie Prejean • TREC #0653743 • CENTURY 21 IntegraP: (979)-777-1116 C: (979)-777-1116 jamiep@century21bcs.com
Property Details for 7121 Stephens Lane
Directions
From College Station, Travel SH 30 E, Turn left onto Co Rd 174, Turn right to stay on Co Rd 174, Turn left onto FM 244, Turn right onto Main St, Turn left onto Neches Ave, Turn left onto Stephens Ln, Destination will be on the left
MLS Area MajorGrimes
Subdivision NameIola
LISTING UPDATED: 10/04/2024 01:31 PM
Property Details for 7121 Stephens Lane
| Status | Active |
|---|---|
| MLS # | 24014345 |
| Days on Market | 6 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Mobile Home |
| Year Built | - |
| Lot Size | 1.93 AC / 84,000 SF |
| County | Grimes County |
Building Information for 7121 Stephens Lane
Stories-Residences11Year Built-Building Size-Lot Size1.93 AC / 84,000 SF
Property Information for 7121 Stephens Lane
Summary
Location and General Information
- City: Iola
- County Or Parish: Grimes
- Latitude: 30.77417
- Longitude: -96.076061
- Postal Code: 77861
- State Or Province: TX
- Unparsed Address: 7121 Stephens Street
- Human Modified Y N: Yes
School Information
- Elementary School District: Iola
- High School District: Iola
- Middle Or Junior School: ,
- Middle Or Junior School District: Iola
Taxes and HOA Information
- Association Y N: No
- Parcel Number: R34878
- Tax Block: 46
- Tax Lot: 1-12
Property
Lot Information
- Building Area Total: 6960.0
- Lot Size Source: PublicRecords
- Lot Size Square Feet: 84000.0
- Lot Size Units: Acres
- Property Sub Type Additional: MobileHome
Property and Assessments
- Number Of Units Total: 11
- Property Sub Type: MobileHome
- Property Type: ResidentialIncome
- Senior Community Y N: No
Interior and Exterior Features
Interior Features
- Heating: Central, Electric
- Heating Y N: Yes
Multi Family
Unit 1 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 1064.0
- Baths Total: 2
- Beds Total: 3
- Num of Full Baths: 2
- Num of Half Baths: 0
Unit 2 Information
- Actual Rent: $650.00
- Leased: Yes
- Unit Type Area: 1064.0
- Baths Total: 2
- Beds Total: 3
- Num of Full Baths: 2
- Num of Half Baths: 0
Unit 3 Information
- Actual Rent: $650.00
- Leased: Yes
- Unit Type Area: 1064.0
- Baths Total: 2
- Beds Total: 3
- Num of Full Baths: 2
- Num of Half Baths: 0
Unit 4 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 0.0
- Baths Total: 0
- Beds Total: 0
- Num of Full Baths: 0
- Num of Half Baths: 0
Unit 5 Information
- Actual Rent: $800.00
- Leased: Yes
- Unit Type Area: 1884.0
- Baths Total: 2
- Beds Total: 3
- Num of Full Baths: 0
- Num of Half Baths: 2
Unit 6 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 0.0
- Baths Total: 0
- Beds Total: 0
- Num of Full Baths: 0
- Num of Half Baths: 0
Unit 7 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 0.0
- Baths Total: 0
- Beds Total: 0
- Num of Full Baths: 0
- Num of Half Baths: 0
Unit 8 Information
- Actual Rent: $550.00
- Leased: Yes
- Unit Type Area: 1884.0
- Baths Total: 2
- Beds Total: 3
- Num of Full Baths: 2
- Num of Half Baths: 0
Unit 9 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 0.0
- Baths Total: 0
- Beds Total: 0
- Num of Full Baths: 0
- Num of Half Baths: 0
Unit 10 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 0.0
- Baths Total: 0
- Beds Total: 0
- Num of Full Baths: 0
- Num of Half Baths: 0
Unit 11 Information
- Actual Rent: $175.00
- Leased: Yes
- Unit Type Area: 0.0
- Baths Total: 0
- Beds Total: 0
- Num of Full Baths: 0
- Num of Half Baths: 0
Rental
Rental Information
- Lease Amount Per Area Unit: DollarsPerSquareFoot
Property History for 7121 Stephens Lane
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7121 Stephens Lane
Taxable ValueLand-Additions$8,590Total-
Home Facts
Total Finished SqFt1,064 SqFtAbove Grade Finished SqFt1,064 SqFtStyleMobile / Manufactured HomeCountyGRIMESAPNM68257
Schools near 7121 Stephens Lane
This home is within Iola Independent School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Iola Elementary School PublicPK to 5 | ||
Iola High School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of CENTURY 21 Integra, Jamie Prejean, TREC #0653743
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