101-115 Thomason LN Pending Save Request In-Person Tour Request Virtual Tour
Galax,VA 24333
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 1,102 sqft
Price per Sqft $163
MLS Listing ID 422790
Bedrooms 2
Full Baths 2
Year Built 1950
Annual Tax Amount $1,169
Tax Year 2024
Lot Size 1.020 Acres
Property Sub-Type Detached
Property Description
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
State VA
County Galax (city)
Area Galax City
Zoning Residential 1
Interior
Heating Baseboard-Electric,Electric,Heat Pump
Cooling Central Electric,Heat Pump,Window Unit(s)
Flooring Ceramic Tile,Vinyl,LVP
Fireplaces Type None
Exterior
Exterior Feature Blacktop Driveway,Cable Available
Parking Features None
Roof Type Metal,Shingle
Building
Sewer Public System
Water Public Water
Schools
Elementary Schools Galax Grd
Middle Schools Galax
High Schools Galax
School District Galax