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About This Home
This 0-bedroom, 0-bathroom commercial at 300 Pine Ridge Drive in Morehead, KY is listed for $3,500,000 ($94 per sqft). Built in 1978, the home offers 37,386 sqft of living space on a 40.00 acres lot.
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.
Key Features
- Built in 1978
- 40.00 acre lot
Property Details
Amenities
Monthly Cost Estimate
$18,719/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
300 Pine Ridge Drive
Morehead, KY 40351
City Limits
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 300 Pine Ridge Drive is listed at $3,500,000 ($94/sqft). The estimated monthly payment is $15,167 based on 20% down at 6.5% interest.
Key features include: Built in 1978, 40.00 acre lot.
This property is listed by Talitha L Martin and can be reached at 6063569029 or talimartinrealtor@gmail.com.