Courtesy: Sibcy Cline, REALTORS-CC
Rebecca Orth
859-743-0582
MARTZ COTTAGES ON THE RIVER.... located just past Pendery Park in Melbourne Ky...sitting on 23.3 acres of prime investment- Has been family managed for over 60+years with some tenants residing over 30 years. This is a Diamond in the Rough. Well managed and shows a great investment but could be Much- Much-Much More...with some expanding of facilities; there is room to add more cottages, RV Lots- 10acres of River front could be utilized as well. All cottages and RV/Mobile Home lots. are rented at this time & require notice to view- Please contact listing agent to set appts. The property at 5646 New DR (MLSf#646338 ) is included in this Investment- titled separately, but land is deeded as one. OFFERING: 4-yR round rental cottages; 9 Seasonal Rental Cottages, 3 Yr round Mobile home lots and 3 Seasonal RV lots; all tied to Public Water and have septic. Plus a 2 car garage for storage & lots of vacant land to build more PLUS the 10acres at the River Bottom. Cottages are Zoned A-1 Agricultural, River Bottoms R-CO River Recreation.
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Melbourne is located in Kentucky. Melbourne, Kentucky has a population of 499. Melbourne is less family-centric than the surrounding county with 22.77% of the households containing married families with children. The county average for households married with children is 32.72%.
The median household income in Melbourne, Kentucky is $71,528. The median household income for the surrounding county is $65,580 compared to the national median of $69,021. The median age of people living in Melbourne is 55.3 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 43.2 inches per year, with 16.2 inches of snow per year.
