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$300,000
2,660 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 2,660 sqft
Price per Sqft $112
Subdivision Sandy Acres
MLS Listing ID 26014503
Year Built 1999
Lot Size 1.173 Acres
Acres 1.17
Property Sub-Type Mobile Home Park
Property Description
CASH FLOW FROM DAY ONE -- THREE INCOME-PRODUCING MANUFACTURED HOMES IN ONE OF KENTUCKY'S MOST UNDERSERVED RENTAL MARKETS. Affordable housing inventory in Williamsburg is critically low and rental demand has never been stronger, driven by 7,600+ students at the University of the Cumberlands, a growing healthcare workforce at Baptist Health Corbin, and steady I-75 traveler traffic. Three tenants. Three income streams. $2,250/month. $27,000/year. One smart acquisition. 130, 150, and 240 Sheila Circle sit in Sandy Acres Subdivision on a combined 1.21 acres of flat, usable land -- a rare find in Whitley County. Hold long-term as traditional rentals, convert to short-term Airbnb-style units, or land-bank the acreage while collecting rent. This portfolio checks every box. THE PROPERTIES: 130 Sheila Circle -- 1999 Fleetwood Sunpoint (14x60) on 1.17 acres, the newest and most land-rich of the three. 150 Sheila Circle -- 1994 Belmont (14x60), solid and affordable, pencils out beautifully as a long-term rental. 240 Sheila Circle -- 1990 Belmont Premier (14x70), the largest footprint, ideal for families and UC students. All three are single-story, R-5 zoned, Whitley County Schools. LOCATION: University of the Cumberlands -- 1.5 miles; 7,600+ students, chronic off-campus housing shortage. Baptist Health Corbin Williamsburg Campus -- under 2 miles; reliable healthcare worker tenant pool. I-75 Exit 11 -- under 1 mile; direct interstate access. The Mint Cumberland Gaming Hall -- under 1 mile; 550+ gaming machines, sports betting, draws thousands of regional visitors monthly. Walmart Supercenter -- 1.5 miles. Cumberland Regional Mall and downtown dining -- within 2 miles. Lexington, KY -- 100 miles north via I-75. Knoxville, TN -- 70 miles south via I-75. WHY THIS MARKET: Williamsburg is not speculative -- it is proven. Fewer than 10 rentals are typically listed near UC at any given time. Short-term rental hosts in Williamsburg average $11,700+/year at $125/night. The Baptist Health workforce, UC faculty, students, and I-75 travelers create overlapping tenant pools that keep vacancy low and rents stable. Three homes. 1.21 acres. $27,000/year in rent. A university town with chronic rental shortages. Homes like these do not sit in Williamsburg. Sold as-is. Buyer to verify all sq footage, bed/bath counts, and details. Shown by appointment.
Location
State KY
County Whitley
Zoning Other
Rooms
Basement Crawl Space
Interior
Heating Electric
Cooling Electric
Exterior
Parking Features Gravel, On Site
Utilities Available Electricity Connected, Water Connected
View Y/N N
Handicap Access No
Private Pool No
Building
Sewer Septic Tank
Others
Pool YN No
Handicap Accessible YN No
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Listed by CENTURY 21 Advantage Realty
Nearby School & Business
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