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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: HomeLand Real Estate Inc
Shown By
Agent Name: info Davidson
Agent Phone:
Agency Title: SALLIE DAVIDSON, REALTORS
Estimate Your Payment
Estimated Payment
$ 8,739.05 per month $8,082.80 Principal & Interest $0.00 Property Tax (data not provided by mls) $656.25 Homeowner's Insurance
20 Pickle Lane | MLS# 26027640
This single family home located at 20 Pickle Lane, Morehead, KY 40351 is currently listed for sale with an asking price of $2,250,000. This property has 3 bedrooms and 1 full baths with 1200 sq. ft. Pickle Lane is located within the Rowan County - 61 school district. Search Morehead real estate on info.salliedavidson.com today.