101 115 Thomason Ln
Galax, VA 24333
- 2 beds
- 2 baths
- 1,102 sqft
- ~1 acre lot
- $163 per sqft
- 1950 build
- – on site
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.
Last checked:
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Last updated Mar 6, 2025
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MLS# 422790 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1950
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Architectural Style:Bungalow/Cottage, Mobile Home Single
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Appearance:Average
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Levels:One
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Roofing:Metal, Shingle
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Exterior Finish:Aluminum, Brick, Vinyl
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Attic:Access Only
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Basement:None
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Modular:No
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Manufactured:Yes
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Total Gross Building Area:1,102 Sqft
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Approx Main Finished Area:1,102 Sqft
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Approx Main Unfinished Area:0 Sqft
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Approx Upper Finished Area:0 Sqft
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Approx Upper Unfinished Area:0 Sqft
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Approx Lower Finished Area:0 Sqft
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Approx Basement Finished Area:0 Sqft
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Approx Basement Unfinished Area:0 Sqft
Interior
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# of Rooms:5
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Interior Features:Ceiling Fan(s), CeramicTile Bath(s), Laundry on Main, Walls-Drywall, WindowTreatment(s)
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Flooring:Ceramic Tile, Vinyl, LVP
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Fireplace:None
Financial & Terms
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Short Sale:No
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Price Per SqFt:163.25
Location
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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
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Latitude:36.6523798109243
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Longitude:-80.9161811288014
The Property
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Property Type:Detached
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Zoning:Residential 1
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Exterior Features:Blacktop Driveway, Cable Available
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Land Description:Road Frontage, State Maintained Rd
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Lot Size:44431.2
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Lot Size Source:County
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Stable:No
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Approx Acres:1.02
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Approx Cleared Acres:1102
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Geographic Quality:1
Listing Agent
- Contact info:
- Agent phone:
- (276) 237-0775
- Office phone:
- (276) 728-9500
Taxes
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Tax Year:2024
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Parcel Number:7346
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Taxes:$1,169
Beds
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Bedrooms:2
Baths
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Full Baths:2
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Room/Level: Baths-Main2
Heating & Cooling
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Heating:Baseboard-Electric, Electric, Heat Pump
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Air Conditioning:Central Electric, Heat Pump, Window Unit(s)
Utilities
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Power On:Yes
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Water On:Yes
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Water:Public Water
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Sewer:Public System
Appliances
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Appliances:Dryer/Electric, Oven, Refrigerator, Washer
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Water Heater:Electric
Schools
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Elementary School:Galax Grd
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Middle School:Galax
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High School:Galax
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School District:Galax
The Community
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Subdivision:None
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HOA:None
Parking
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Garage/Carport:None
Monthly cost estimate
Asking price
$179,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$963
|
| Taxes | $97 |
| Insurance | $49 |
| Utilities | $157 See report |
| Total | $1,266/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/10/24
Dec 10, 2024
|
Listed / Active | NRVAR | $179,900 |
