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.

Property Features