20 Pickle Lane, Morehead, KY 40351
20 Pickle Lane, Morehead, KY 40351
20 Pickle Lane, Morehead, KY 40351
20 Pickle Lane, Morehead, KY 40351
20 Pickle Lane, Morehead, KY 40351
20 Pickle Lane, Morehead, KY 40351
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Zach Tipton

Zach Tipton

+1(502) 321-4831
$ 2,250,000

3 Beds

1 Bath

1,200 SqFt

Save
$ 2,250,000
Save

3 Beds

1 Bath

1,200 SqFt

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

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by HomeLand Real Estate Inc

Nearby School & Business

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Zach Tipton
Zach Tipton

Agent License ID: 22101

+1(502) 321-4831

529 Main St, Shelbyville, KY 40065

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