Listing Courtesy of RE/MAX LAKEFRONT REALTY INC
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TERRIFIC INVESTMENT OPPORTUNITY IN COLLEGE TOWN AT THE FOOTHILLS OF THE BLUE RIDGE MTS NEAR THE PARKWAY & W/IN WALKING DISTANCE TO FERRUM COLLEGE (1200+/- STUDENTS). RESTAURANT, RETAIL, 5 APARTMENTS ''MORRISON INN APARTMENTS'' PROVIDE TERRIFIC INCOME. FORMERLY KNOWN AS ''PARADISE GRILL''. GREAT SPOT FOR COFFEE SHOP, PIZZA PARLOR, DISTILLERY, BREWERY, B&B, RETAIL SHOPS...SO MANY POSSIBILITIES! CAN PURCHASE W/ KITCHEN EQUIPMT FOR $285,000. SOME FURNISHINGS/DECOR NEGOTIABLE. HEATPUMPS FOR APTS. PROPANE FOR MAIN LEVEL (NO PROPANE TANK ON PROPERTY). 4 UNITS CURRENTLY RENTED ($2,985) CAN RENT 5TH UNIT FOR $800 MORE!! (INCL ALL UTILITIES). TOTAL 3-1BR UNITS; 2- 2BR UNITS. OWNER PAYS ELEC., WATER/SEWER, CABLE/WIFI, TAXES, INS.

Address: 4405 TIMBER LINE RD
State: VA
City: Ferrum
County: Franklin
Zip Code: 24088
Neighborhood: N A
MLS#: 852941
MLS Area: 0400 Franklin County
Taxes: $1,766

Price History

Date Price Event Change MLS#:
7/16/2019 $259,900 List Price -1.91% 852941
11/15/2018 $264,950 List Price -3.64% 852941
10/4/2018 $274,950 List Price -21.44% 852941
1/23/2017 $350,000 List Price 833031

Assigned School Zones

  • Elementary School:Ferrum
  • Middle School:Ben Franklin Middle
  • High School:Franklin County

Nearby Schools

Ferrum Elementary School(Preschool-5)
Henry Elementary School(Preschool-5)

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:Heat Pump Electric
  • Heating:Forced Air Gas, Heat Pump Electric, Other - See Remarks
  • Basement Details:Slab
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:
  • Sewer:Public Sewer

Community Details

  • HOA: $0/mo
    Fees Include:

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:FROM ROCKY MOUNT TAKE 40W TO FERRUM, TURN L ON FIELDCREST, TURN R ON TIMBER LINE TO BLDG ON LEFT (PARADISE GRILL/MORRISON APTS).

Associated Agents

  • Listing Agent:RE/MAX LAKEFRONT REALTY INC - CHRISTY HODGES PLOCH
Property Information Last Updated: 9/19/2019 7:35:32 PM
Property Listed By RE/MAX LAKEFRONT REALTY INC


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