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Omega Real Estate Brokerage
300 Pine Ridge Dr, Morehead, KY 40351
- $3,500,000
- List Price
- $3,500,000
- MLS#
- 26028937
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- Business
- Lot Size
- 174,284
Property Description
Pine Ridge Apartments - 48-Unit Multifamily Investment Opportunity! Located in Morehead, KY, this established apartment community offers an excellent opportunity for investors seeking to expand their multifamily portfolio. Situated on approximately 4 acres and surrounded by an additional 36 wooded acres, the property provides a peaceful residential setting with convenient accessibility. The community consists of 48 units, including 8 three-bedroom, 16 two-bedroom, and 24 one-bedroom apartments. Additional features include an on-site management office and resident laundry facility. Pine Ridge Apartments operates under a HUD housing program through the U.S. Department of Housing and Urban Development, offering an established affordable housing community with potential for long-term investment stability. With its diverse unit mix, existing infrastructure, and potential for operational improvements, this property presents an attractive investment opportunity. **Buyer must obtain HUD approval, and the property is subject to existing HUD program requirements and restrictions.
Additional Information
- Year Built
- 1978
- Sewer
- Public Sewer
- Heating
- Electric
- Roof
- Shingle
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Listing courtesy of HomeLand Real Estate Inc - Mt Sterling.