101-115 Thomason Lane Galax, VA 24333
2 bed / 2 bath / 1,102 Sq. Ft. / 44,431 Sq. Ft., 1.02 acres lot size / Mobile Home
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
Mobile Home
Status
Closed
County
Galax (City)
Year Built
1950
Sq. Ft.
1,102
Lot Size
44,431 Sq. Ft., 1 acres
Listing Id
422790
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
Beds
2
Full Baths
2
Living Area Units
Sq. Ft.
Flooring
Ceramic Tile
Vinyl
Vinyl
Appliances
Dryer
Oven
Refrigerator
Washer
Oven
Refrigerator
Washer
Bathrooms Total
2
Exterior Features
Parking
Asphalt
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 |
|---|---|---|---|
|
08/04/2025
08/04/2025
|
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
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