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.
Sold for $167,500
$167,500
101-115 Thomason Ln, Galax, VA 24333
2beds
1,102sqft
Detached, Manufactured Home, Mobile Home
Built in 1950
1.02 Acres Lot
$172,300 Zestimate®
$152/sqft
$1,266 Estimated rent
Home value
$172,300
Estimated sales range
Not available
$1,266/mo
Zestimate® history
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$1,266/mo
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$814/mo
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Zillow last checked:
Listing updated:
Listed by:
Joseph Dixon 276-237-0775,
Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
Bought with:
Tina Hayes
Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
Source: New River Valley AOR,MLS#: 422790
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Baseboard-Electric, Electric, Heat Pump
Cooling
- Electric, Heat Pump, Window Unit(s)
Appliances
- Included: Dryer/Electric, Oven, Refrigerator, Washer, Electric Water Heater
- Laundry: Main Level
Features
- Ceiling Fan(s), CeramicTile Bath(s), Walls-Drywall, Master Downstairs
- Flooring: Ceramic Tile, Vinyl
- Windows: Window Treatments
- Basement: None
- Attic: Access Only
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,102
- Total interior livable area: 1,102 sqft
- Finished area above ground: 1,102
- Finished area below ground: 0
Property
Parking
- Parking features: None, Blacktop Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.02 Acres
Details
- Parcel number: 7346
- Zoning description: Residential 1
Construction
Type & style
- Home type: MobileManufactured
- Architectural style: Bungalow/Cottage
- Property subtype: Detached, Manufactured Home, Mobile Home
Materials
- Aluminum Siding, Brick, Vinyl Siding
- Roof: Metal,Shingle
Condition
- Average
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Galax
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $116,900
- Annual tax amount: $1,169
- Date on market: 12/10/2024
- Cumulative days on market: 133 days
- Total actual rent: 2340
- Body type: Single Wide
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2025 | Sold | $167,500-6.9%$152/sqft |
Source:  New River Valley AOR #422790 Report a problem | ||
| 4/23/2025 | Pending sale | $179,900$163/sqft |
Source: New River Valley AOR #422790 Report a problem | ||
| 12/10/2024 | Listed for sale | $179,900+43.9%$163/sqft |
Source: New River Valley AOR #422789 Report a problem | ||
| 4/1/2022 | Sold | $125,000-13.8%$113/sqft |
Source:  SWVAR #80330 Report a problem | ||
| 2/28/2022 | Contingent | $145,000$132/sqft |
Source: SWVAR #80330 Report a problem | ||
| 12/30/2021 | Price change | $145,000-6.4%$132/sqft |
Source: SWVAR #80330 Report a problem | ||
| 10/8/2021 | Listed for sale | $154,900$141/sqft |
Source: SWVAR #80330 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,075 | $116,900 |
| 2024 | $1,075 +46.7% | $116,900 +59.5% |
| 2023 | $733 | $73,300 |
| 2022 | $733 +8.7% | $73,300 |
| 2021 | $674 +28.7% | $73,300 +5.6% |
| 2018 | $524 | $69,400 |
| 2017 | -- | $69,400 -13% |
| 2016 | -- | $79,800 |
| 2013 | -- | $79,800 |
| 2012 | -- | $79,800 |
Find assessor info on the county website
Neighborhood: 24333
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Nearby schools
GreatSchools rating
- 4/10Galax Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Galax Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Galax High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Galax Grd
- Middle: Galax
- High: Galax
- District: Galax
Source: New River Valley AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Virginia
- Galax City
- Galax
- 24333
- 101-115 Thomason Ln
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