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4 Units Thomason Ln., 
Galax, VA 24333

$179,900


Bed


Bath


1,102

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Joseph Dixon

Bhhs- Mountain Sky Properties-Hillsville

276-728-9500

Last updated:

June 14, 2025, 02:35 PM

MLS#

98143

Source:

VA SWVAR

About This Home

4 Units Thomason Ln.

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.

Home Facts

Multi-Family

Built in 1950

Price Summary

179,900

$163 per Sq. Ft.

MLS #:

98143

Last Updated:

June 14, 2025, 02:35 PM


Rooms & Interior

Interior

Living Area:

1,102 Sq. Ft.


Structure

Structure

Building Area:

1,102 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

44,431


Finances & Disclosures

Finances

Price:

$179,900

Price per Sq. Ft:

$163 per Sq. Ft.

Source:VA SWVAR
The information being provided by Southwest Virginia Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Southwest Virginia Association of REALTORS All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.