4 Units Thomason Ln Galax, VA 24333
2 bed / 2 bath / 1,102 Sq. Ft. / 44,431 Sq. Ft., 1.02 acres lot size / Manufactured 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
Manufactured Home
Status
Closed
County
City of Galax - Out of County
Year Built
1950
Sq. Ft.
1,102
Lot Size
44,431 Sq. Ft., 1 acres
Listing Id
98142
Courtesy Of
Joseph Dixon - BHHS- Mountain Sky Properties-Hillsville 2767289500
List Office Phone
+1 (276) 728-9500
Subdivision
None
Interior Features
Beds
2
Full Baths
2
Living Area Units
Sq. Ft.
Appliances
Dryer
Range
Oven
Refrigerator
Washer
Range
Oven
Refrigerator
Washer
Bathrooms Total
2
Exterior Features
Parking
Paved
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Electric Heating
Propane
Heat Pump
Baseboard
Central
Propane
Heat Pump
Baseboard
Central
Building Area Total
1,102 Sq. Ft.
Architectural Style
Cottage
Price History
| date | event | price | source |
|---|---|---|---|
|
08/04/2025
08/04/2025
|
Sold |
$167,500
|
Southwest Virginia Board of Realtors |
|
12/10/2024
12/10/2024
|
Active |
$179,900
|
Southwest Virginia Board of Realtors |
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Market Trends
Source: Constellation1
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