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London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale

20 Pickle Lane, Morehead, KY 40351

$2,250,000
  • 20 Pickle Lane, Morehead, KY 40351 Main Photo

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BEDS3 BATHS1 full SQUARE FEET1,200 MLS#26027640
STATUS PROPERTY TYPEResidential - Single Family SCHOOLRowan County - 61

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.

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 www.salliedavidson.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Electric, Heat Pump
Fuel Type: Electric
Heating: Electric, Heat Pump
Home Style: Ranch
Lot Size: 5.00 Acres
Roof Type: Shingle
Stories: 1.0

Feature Descriptions

Appliance Features: Refrigerator, Range
Days on Site: 28
Exterior: Vinyl Siding
Flooring: Luxury Vinyl
Laundry: Electric Dryer Hookup, Washer Hookup
Laundry Features: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 5 acre(s)
Parcel #: 019-00 00 036.16
Parking Notes: Driveway
Rooms Total: 2
Structure Type: House

Local Schools

High School: Rowan Co
Middle School: Rowan Co
Elementary School: Rowan Co
School District: Rowan County - 61

Listed By / Shown By

Listed By

Agency Name: HomeLand Real Estate Inc

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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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

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