25
See all 25 photos
$2,250,000
3 Beds
1 Bath
1,200 SqFt
New
20 Pickle Lane Morehead, KY 40351
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $1,875
MLS Listing ID 26027640
Style Ranch
Bedrooms 3
Full Baths 1
Year Built 2021
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Single Family Residence
Property Description
Exceptional investment opportunity featuring 14 fully leased single-family residences situated on 5 acres in a convenient location near I-64 and Cave Run Lake. All 14 homes were built in 2021, offering a newer residential rental portfolio with established tenants already in place. The property consists of five 3-bedroom, 2-bath homes with approximately 1,200 sq ft each; six 2-bedroom, 2-bath homes with approximately 900 sq ft each; and three 2-bedroom, 1-bath homes with approximately 960 sq ft each. Tenants are responsible for their own electric, while the landlord currently pays water and garbage. Each residence is served by septic. Adding even more potential to this income-producing property, the local Health Department has indicated that the acreage can accommodate one additional residence, subject to applicable approvals and permitting. With 14 newer single-family homes in one location, full occupancy, convenient interstate access and proximity to Cave Run Lake, this is a rare opportunity to acquire an established residential investment portfolio with potential for additional growth. Financial information, rent roll and additional property details available to qualified buyers.
Location
State KY
County Rowan
Interior
Heating Electric, Heat Pump
Cooling Central Air, Electric, Heat Pump
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Driveway
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Building
Story One
Foundation Slab
Sewer Septic Tank
Architectural Style true
Level or Stories One
Schools
Elementary Schools Rowan Co
Middle Schools Rowan Co
High Schools Rowan Co
Listed by HomeLand Real Estate Inc
Nearby Locations
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