4 Units Thomason Ln.

Galax, VA 24333

About this property

Multiple Unit Investment Property! 3 Mobile Homes, 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. 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 This property is being offered at a 12% capitalization rate. Call now! Agent has ownership interest in property.

About this property

Multiple Unit Investment Property! 3 Mobile Homes, 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. 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 This property is being offered at a 12% capitalization rate. Call now! Agent has ownership interest in property.

Features and Additional Information

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$179,900 Active
2 Bed(s)
2
Baths
1,102 SqFt

Presented By Town and Country Realty

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Get in touch today! Phone: 1-423-245-8212
Brokerage
BHHS- Mountain Sky Properties-Hillsville
1-276-728-9500
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Area Information

Galax | City of Galax Out of County County | None

$ 179,900
This listing is play_arrow 25.8% lower than the average in the area
$ 242,450 in the area
1,102 SqFt
This listing is play_arrow 42.1% smaller than the average in the area
1,903 SqFt in the area
$ 163 $/SqFt
This listing is play_arrow 27.3% more than the average in the area
$ 128 $/SqFt in the area
70 days on site
This listing is play_arrow 13.6% below the average in the area
81 days on site in the area

Schools in the Area

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    Elementary School
    Galax
  • turned_in
    Middle School
    Galax
  • turned_in
    High School
    Galax

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Listed By Joseph Dixon
Brokerage: BHHS- Mountain Sky Properties-Hillsville

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