101-115 Thomason Lane Galax, VA 24333
1,102 Sq. Ft. / 44,431 Sq. Ft., 1.02 acres lot size / Multi-Family
Status: Sold
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Multiple Unit Investment Property! 3 Mobile Homes (all conveying), 1 Brick Cottage, 1 Vacant Cabin, and space to add up to 2 more mobile homes with utility hookups available. This property has a monthly gross cash flow of $2,340 with the potential to be increased. $990 of the monthly income is paid automatically through HUD, the remainder is paid in cash. Perfect for IRA investors, this property is being offered at a 12.6% return on investment. Unit 1 is 2 bed 2 bath and features a new metal roof, lvp flooring, heat pump, and updated bathrooms. Unit 2 is a 2 bed 1 bath with a central electric heat. Unit 3 is a 2 bed 1 bath with central electric heat and various improvements. Unit 4 is a 2 bed 1 bath with electric heat, metal roof and various improvements. The rent roll per month of the 4 occupied units in order previously listed is $700, $450, $575, $615. One could have 7 units on this property. Call now! Agent has ownership interest in property.
property details
Type
Multi-Family
Status
Closed
County
Galax (City)
Sq. Ft.
1,102
Lot Size
44,431 Sq. Ft., 1 acres
Listing Id
422789
Courtesy Of
Joseph Dixon - Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv +1 276 237 0775
List Office Phone
+1 (276) 728-9500
Subdivision
None
Interior Features
Living Area Units
Sq. Ft.
Flooring
Laminate
Exterior Features
Parking
On Street
Stories
1
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Electric Heating
Heat Pump
Baseboard
Heat Pump
Baseboard
Building Area Total
1,102 Sq. Ft.
Architectural Style
1 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
08/05/2025
08/05/2025
|
Sold |
$167,500
|
New River Valley Assoc of Realtors |
|
04/23/2025
04/23/2025
|
Pending |
$179,900
|
New River Valley Assoc of Realtors |
|
12/10/2024
12/10/2024
|
Active |
$179,900
|
New River Valley Assoc of Realtors |
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Market Trends
Source: Constellation1
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