Beautiful 51.80 acres, 5 rental homes, tobacco barn and 28 stall horse barn. This land is perfect for a development. The land lays perfectly for this. Great location between London and Corbin Ky. Located just off Hwy25 and hwy 1189. All rentals are presently month to month so rent can be increased at new owners discretion. This is an estate sale and Real Estate Broker is a Co-owner. This property has a cap rate of almost 4% if purchased at the listing price. Could be much more if rent is increased.
Investment opportunity featuring 5 apartments in 3 separate buildings. Back two 3 story structures have 2 apartments in each, with 2 bed/1 bath. Front building, which once served as a beauty/barber shop, is an efficiency unit that had a build-out to accommodate Highlands Diversified company. Offer kitchen and laundry hookup. Recently renovated to 3 apartments. Building on back left, 221 2/1, boasts a 3 yr old metal roof, newer vinyl windows, real hardwood flooring throughout. The back right building, 221 1/2, offer a newer roof, original hardwood and newly restored walk-out deck patio. Incredible opportunity for a Real Estate Investor!
London is located in Kentucky. London, Kentucky has a population of 7,492. London is less family-centric than the surrounding county with 27.78% of the households containing married families with children. The county average for households married with children is 28.65%.
The median household income in London, Kentucky is $41,795. The median household income for the surrounding county is $46,604 compared to the national median of $69,021. The median age of people living in London is 39.8 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 48.4 inches per year, with 9.7 inches of snow per year.