300 Pine Ridge Drive, Morehead, KY 40351
300 Pine Ridge Drive, Morehead, KY 40351
300 Pine Ridge Drive, Morehead, KY 40351
300 Pine Ridge Drive, Morehead, KY 40351
300 Pine Ridge Drive, Morehead, KY 40351
300 Pine Ridge Drive, Morehead, KY 40351
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Christina Lanning

Christina Lanning

+1(910) 545-1442
$ 3,500,000

37,386 SqFt

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$ 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

Schools and Properties Nearby

Christina Lanning

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(910) 545-1442

tnky@sellhomeswithchristina.com

9041 Executive Park Dr. Ste 250 Knoxville, TN 37923, USA

Learn More About LPT Realty

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300 Pine Ridge Drive