4 Units Thomason Ln., Galax, VA 24333

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$179,900

bedrooms

bathrooms

square feet

1,102

Acreage

1.02

Open Houses

year built

1950

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	City of Galax - Out of County
Elementary School	Galax
Middle School	Galax
High School	Galax

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Open houses

None scheduled.

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MLS number: 98143

Listing agent: Joseph Dixon #0225246102

Listing broker: Mountain Sky Properties (276) 228-8882

Copyright © 2025 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, March 7 2025 at 2:59 a.m. EST

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