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Ty Brown

tysellshouses@gmail.com +1(859) 619-7234

$ 3,500,000

37,386 SqFt

Save

$ 3,500,000

Save

37,386 SqFt

Key Details

Property Type Vacant Land, Commercial

Sub Type Business

Listing Status Pending

Purchase Type For Sale

Square Footage 37,386 sqft

Price per Sqft $93

Subdivision City Limits

MLS Listing ID 26002179

Year Built 1978

Lot Size 40.000 Acres

Acres 40.0

Property Sub-Type Business

Property Description

Introducing Pine Ridge Apartments, a 48-unit multifamily investment opportunity offering scale, stable demand, and a peaceful natural setting. The property sits on approximately 4 acres and is surrounded by an additional 36 wooded acres, providing privacy while maintaining accessibility. The unit mix is well balanced to support diversified rental demand: Unit Breakdown: • 8 three-bedroom units • 16 two-bedroom units • 24 one-bedroom units Total: 48 units The community operates as HUD housing through the U.S. Department of Housing and Urban Development, offering consistent occupancy potential and dependable income streams. On-site amenities include a dedicated management office and a tenant laundry facility, enhancing convenience for residents and operational efficiency for ownership. This property presents an excellent opportunity for investors seeking a larger multifamily asset with established housing support, a strong unit mix, and room for operational or value-add improvements. Surrounded by wooded acreage, Pine Ridge Apartments combines income potential with a quiet, residential atmosphere.

Location

State KY

County Rowan

Zoning Other

Interior

Heating Electric

Cooling Electric

Exterior

Parking Features On Site, Paved

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N N

Roof Type Shingle

Handicap Access No

Private Pool No

Building

Sewer Public Sewer

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by HomeLand Real Estate Inc - Mt Sterling

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(859) 619-7234

tysellshouses@gmail.com

222 East Witherspoon St 1st Floor Louisville, KY 4, Louisville, Kentucky 40202, USA

300 Pine Ridge Drive Morehead, KY 40351

Ty Brown

Key Details

Location

Interior

Exterior

Building

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300 Pine Ridge Drive