$179,900
UNDER CONTRACT

4 Units Thomason Ln Galax, VA 24333

Estimated payment $1,093/month

Total Views 9,073
2 Beds
2 Baths
1,102 Sq Ft
$163 Price per Sq Ft

Highlights

  • Creek or Stream View
  • Newly Painted Property
  • Cottage
  • Mature Trees
  • No HOA
  • Covered patio or porch

About This Home

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.

Listing Agent

Joseph Dixon

BHHS- Mountain Sky Properties-Hillsville Brokerage Phone: 2767289500 License #0225246102 Listed on: 12/10/2024

BHHS- Mountain Sky Properties-Hillsville

Property Details

Home Type

  • Mobile/Manufactured

Est. Annual Taxes

  • $1,169

Year Built

  • Built in 1950

Lot Details

  • 1.02 Acre Lot
  • Mature Trees

Home Design

  • Cottage
  • Newly Painted Property
  • Brick Exterior Construction
  • Permanent Foundation
  • Block Foundation
  • Shingle Roof
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,102 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Ceiling Fan
  • Window Treatments
  • Creek or Stream Views
  • Fire and Smoke Detector
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Open Parking

Outdoor Features

  • Covered patio or porch
  • Outbuilding

Schools

  • Galax Elementary And Middle School
  • Galax High School

Mobile Home

  • Single Wide

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 46

Property Details

Home Type

Mobile/Manufactured

Est. Annual Taxes

$1,169

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Singlewide,Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.02
  • Subdivision Name: None
  • Directions: Take exit 14 off I77 in Hillsville and head west on Hwy 58 towards Galax. Once in Galax take a left onto N. Meadow Street. Property is on the left
  • Above Grade Finished Sq Ft: 1102
  • Architectural Style: Cottage
  • Body Type: Single Wide
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1950
  • ResoBuildingAreaSource: Estimated
  • Kitchen Level: Main
  • Attribution Contact: 2767289500
  • Special Features: UnderContract
  • Stories: 1

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Newer Floor Covering, Vinyl Plank Floors
  • Interior Amenities: Ceiling Fan(s), Newer Paint, Paneling, High Speed Internet
  • Living Area: 1102
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Window Features: Single Pane, Vinyl, Some Window Treatments
  • ResoLivingAreaSource: Estimated
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Bathroom 2 Level: Main
  • Room Bedroom2 Level: Main
  • Bathroom Level: Main
  • Dining Room Dining Room Level: Main

Exterior Features

  • Lot Features: Other
  • View: Creek
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Brick, Vinyl Siding
  • Exterior Features: Mature Trees
  • Foundation Details: Block, Permanent
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch Covered, Porch Open
  • Property Condition: Exterior Condition: Average, Interior Condition: Average
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, None

Utilities

  • Laundry Features: Main Level
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Electric, Heat Pump, Propane
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Not Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Galax
  • High School: Galax
  • Middle Or Junior School: Galax

Lot Info

  • Lot Size Sq Ft: 44431.2
  • Zoning: RES
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1169
  • Tax Lot: 46
  • Tax Map Number: 73- 46
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2024 12/10/24 For Sale $179,900 0.0% $163 / Sq Ft
12/10/2024 12/10/24 For Sale $179,900 -- $163 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Source: Southwest Virginia Association of REALTORS®

MLS Number: 98142

Virginia Galax City County Galax 24333

4 Units Thomason Ln, Galax, VA

This home is located at 4 Units Thomason Ln, Galax, VA 24333 and is currently priced at $179,900, approximately $163 per square foot. This property was built in 1950. 4 Units Thomason Ln is a home located in Galax City with nearby schools including Galax Elementary School, Galax Middle School, and Galax High School.

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Joseph Dixon
Listing Agent
Joseph Dixon
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BHHS- Mountain Sky Properties-Hillsville
(276) 600-8126