New Listing
$2,250,000
 $12,775 est/mo Sourced by Back At You

20 Pickle Lane,Morehead, KY 40351

Morehead, KY 40351

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Description

Exceptional investment opportunity featuring 14 fully leased single-family residences situated on 5 acres in a convenient location near I-64 and Cave Run Lake. All 14 homes were built in 2021, offering a newer residential rental portfolio with established tenants already in place. The property consists of five 3-bedroom, 2-bath homes with approximately 1,200 sq ft each; six 2-bedroom, 2-bath homes with approximately 900 sq ft each; and three 2-bedroom, 1-bath homes with approximately 960 sq ft each. Tenants are responsible for their own electric, while the landlord currently pays water and garbage. Each residence is served by septic. Adding even more potential to this income-producing property, the local Health Department has indicated that the acreage can accommodate one additional residence, subject to applicable approvals and permitting. With 14 newer single-family homes in one location, full occupancy, convenient interstate access and proximity to Cave Run Lake, this is a rare opportunity to acquire an established residential investment portfolio with potential for additional growth. Financial information, rent roll and additional property details available to qualified buyers.

Details

MLS #26027640
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2021
Days On Site4
Listing Provided ByHomeLand Real Estate Inc | Shannon V Malone

Features

Bed(s)3
Bath(s) 1 Total
SQ Feet1,200
Story(s)1
Acreage5.00

Interior

Rooms Total2
CoolingCentral Air, Electric, Heat Pump
HeatingElectric, Heat Pump
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesRange, Refrigerator

Exterior

RoofShingle
Construction MaterialsVinyl Siding
Foundation DetailsSlab

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo
Parking FeaturesDriveway

Utilities

SewerSeptic Tank

Area Information

StateKY
CountyRowan
CityMorehead
Zip Code40351
Area061 Rowan County
SubareaRowan County
School DistrictRowan County
Elementary SchoolRowan Co
High SchoolRowan Co
Listing VS Median (in 40351)
Price:
$2,250,000
low | high
Med:
$284,950
100% of Average
sqft:
1,200
low | high
Med:
1,815
2% of Average
$ / sqft:
$1,875
low | high
Med:
$166
100% of Average
On site:
4
low | high
Med:
63
6.349206349206% of Average
Sourced by Back At You

Market Activity 40351

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Contact

Learn More About This Property

Keith Wilson

Keith Wilson

Coldwell Banker McMahan

Certified Relocation Professional, Certified Relocation Residential Specialist, Military Network Specialist, REALTOR, National Association of REALTORS (859) 744-4111sellingky@gmail.com
StateKY
CountyRowan
CityMorehead
Zip Code40351
Area061 Rowan County
SubareaRowan County
School DistrictRowan County
Elementary SchoolRowan Co
High SchoolRowan Co
Listing VS Median (in 40351)
Price:
$2,250,000
low | high
Med:
$284,950
100% of Average
sqft:
1,200
low | high
Med:
1,815
2% of Average
$ / sqft:
$1,875
low | high
Med:
$166
100% of Average
On site:
4
low | high
Med:
63
6.349206349206% of Average
Sourced by Back At You
Listing Updated: October 6, 2026 at 3:00:39 PM PDT

V Keith Wilson - Coldwell Banker McMahan