4405 Timber Line Rd

    Ferrum, VA 24088
    • $259,900
    • STATUS: Active
    • ON SITE: 413 days
    • MLS #: 852941
    UPDATED: 79 min ago
    $259,900
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,144
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    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.

    Monthly Payment Calculator

    Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data accuracy is subject to market changes. Data last updated: 2019-11-22T18:08:25.503.

    All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.
    www.fivedoorsroanoke.com/homes/88199984

    4405 Timber Line Rd Ferrum, VA 24088

    • Price: $259,900
    • Status: Active
    • Updated: 79 min ago
    • MLS #: 852941
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    5,144
    SQFT
    $51
    $/SQFT
    1938
    Built
    Neighborhood:
    N/A
    County:
    Franklin County
    Area:
    0400 - Franklin County
    Elementary School:
    Ferrum
    Middle School:
    Ben Franklin Middle
    High School:
    Franklin County
    Property Description
    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.
    Exterior Features

    Construction Brick Parking Description Private (1 - 9) Water Class N/A

    Interior Features

    Basement Slab Basement YN No Cooling Heat Pump Electric Heating Forced Air GasHeat Pump ElectricOther - See Remarks Units Furnished 0.00 Units Unfurnished 5.00

    Property Features

    Annual Taxes 1766.00 Common Amenities Cable Tv Construction Status Completed Current Internet Shentel Electric Expenses 7200.00 Gross Income 35820.00 Insurance Expenses 3000.00 Internet Access Cable Lease Type One Year Leased Units 4.00 Misc Features Current LeaseHistorical ThemeWalk To SchoolWireless Internet Net Operating Income 18994.00 Other Expenses 2160.00 Owner Expenses CableElectricityWater Paid Utilities Yes Poa Condo Assoc YN No Present Use Built-As Sewer Public Sewer Tax Expenses 1766.00 Tenant Expenses Trash Disposal Total Annual Expenses 16826.00 Water Public Water Water Expenses 2700.00 Zoning Code Nz

    Listing provided courtesy of Re/Max Lakefront Realty Inc. All information is deemed reliable but not guaranteed, and should be independently verified.
    Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data accuracy is subject to market changes. Data last updated: 2019-11-22T18:08:25.503.

    All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.
     
    Five Doors Real Estate | KW Roanoke
    2840 Electric Rd., Suite 104
    Roanoke VA, 24018