KY
Rowan
Morehead
40351
300 Pine Ridge Drive
300 Pine Ridge Drive, Morehead, KY 40351
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Listing Type
Commercial/Industrial
Listing Status
Active
56
$3,500,000

Home Details for 300 Pine Ridge Drive

Price
$3,500,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1978
Lot size acres
40
County
Rowan
Garage
Days on site
5
MLS Listing#
26002179
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.

Property Features
  • Utilities
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Parking
    • On Site
    • Paved
  • Cooling Information
    • Electric
  • Heating Information
    • Electric
Listing Courtesy: HomeLand Real Estate Inc - Mt Sterling - 606-356-3063
Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Bluegrass REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by IDX brokerage firms other than EXIT Realty, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX brokers. Information deemed reliable but not guaranteed. Copyright ©2026 Bluegrass REALTORS®. All Rights Reserved.
Last Updated: 2026-02-25 12:30:18
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EXIT REALTY CRUTCHER
60 Devils Hollow Rd, Frankfort, KY 40601
Kenny Hawkins
License #: 215465
Sales Representative
Office
502 783 6060
Agent
502 680 6195
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