New Listing
Description
Fantastic opportunity to acquire a substantial investment property in one of Kentucky's most sought-after tourism markets. This offering combines three active rental properties with five additional unrestricted lots, creating immediate income potential with significant room for future expansion. Each of the three existing properties features 3 bedrooms and 2 full baths, along with generous parking to accommodate guests with ease. The five additional lots offer the opportunity to continue building, expand the rental portfolio, or create a larger destination-style development-all without restrictive covenants limiting your vision. Ideally positioned with easy access to Natural Bridge State Resort Park and the Red River Gorge, and approximately 9 miles from Kentucky Dragway, the property benefits from proximity to some of the region's most popular outdoor recreation and entertainment destinations. Three established rentals. Five additional unrestricted lots. Multiple opportunities for continued growth. Whether you're looking to expand an existing investment portfolio or establish a larger presence in the Red River Gorge market, this is a property built around possibility.
Details
| MLS # | 26024297 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 6 |
| Listing Provided By | Lifstyl Real Estate | Heather Isaacs |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,150 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 3.38 |
Interior
| Rooms Total | 2 |
|---|---|
| Cooling | Ceiling Fan(s), Central Air, Electric |
| Heating | Electric, Heat Pump |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs, Walk-In Closet(s) |
| Window Features | Insulated Windows, Screens |
| Appliances | Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer |
Exterior
| Exterior Features | Fire Pit, Outdoor Grill |
|---|---|
| Roof | Shingle |
| Construction Materials | Vinyl Siding |
| Foundation Details | Block |
| Lot Features | Few Trees, Other |
| Fencing | None |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Septic Tank |
|---|
Area Information
| State | KY |
|---|---|
| County | Powell |
| City | Clay City |
| Zip Code | 40312 |
| Area | 019 Powell County |
| Subarea | Powell County |
| School District | Powell County |
| Elementary School | Bowen |
| High School | Powell Co |
| Listing VS Median (in 40312) | |
Price: $1,200,000 low | high Med: $250,000 sqft: 4,150 low | high Med: 2,400 $ / sqft: $289 low | high Med: $104 On site: 6 low | high Med: 7 | |
Market Activity 40312
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Learn More About This Property
| State | KY |
|---|---|
| County | Powell |
| City | Clay City |
| Zip Code | 40312 |
| Area | 019 Powell County |
| Subarea | Powell County |
| School District | Powell County |
| Elementary School | Bowen |
| High School | Powell Co |
| Listing VS Median (in 40312) | |
Price: $1,200,000 low | high Med: $250,000 sqft: 4,150 low | high Med: 2,400 $ / sqft: $289 low | high Med: $104 On site: 6 low | high Med: 7 | |