Iola TX Multi Family for Sale
$675,000
7121 Stephens Street Iola, TX 77861
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.93 Acres
- Baths:
- MLS#:
- 24014345
ADDITIONAL INFORMATION
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.
Iola Real Estate
The median home value in Iola, TX is $428,700. This is higher than the county median home value of $290,100. The national median home value is $338,100. The average price of homes sold in Iola, TX is $428,700. Approximately 51.81% of Iola homes are owned, compared to 20.48% rented, while 27.71% are vacant. Iola real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Iola real estate agent to arrange a tour today!
Iola, Texas has a population of 259. Iola is less family-centric than the surrounding county with 16.88% of the households containing married families with children. The county average for households married with children is 27.79%.
The median household income in Iola, Texas is $52,813. The median household income for the surrounding county is $59,086 compared to the national median of $69,021. The median age of people living in Iola is 55.9 years.
Iola Weather
The average high temperature in July is 94.7 degrees, with an average low temperature in January of 38.3 degrees. The average rainfall is approximately 42.8 inches per year, with 0.1 inches of snow per year.