300 Pine Ridge DriveMorehead, KY 40351

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.

Property Information

Property type

Commercial Sale

Sub-type

Business

Year built

1978

Building area

37,386 Sq Ft

Lot size

4.00 acres

Zoning

R-3

Days on market

13

MLS^® Listing#

26028937

Property Features

Appliances

Electric Water Heater

Cooling

Electric

Heating

Electric

Parking

On Site · Paved

Construction

Brick · Wood Siding

Roof

Shingle

Utilities

Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Parcel number

062-00 00 033.00

Directions

Take Exit 137 onto KY-32 toward Morehead, turn right onto Flemingsburg Rd toward Morehead, turn left onto Pine Ride Dr.