7846 Highway 1690, Louisa, KY 41230

Property Description

Here's your chance to acquire your own multifamily subdivision. Developed from the ground up in 1993, Cherryville Manor is a complete holler/neighborhood with varying types of rental units, that have been long term rentals all these years since. This property could stay rentals or easily be a Campground, RV Park, a BUNCH of AIRBNBs, Hunters Camp, Large Family Compound or your own private oasis/residence, due to its unique land layout and private location, nestled between 2 mountains and only 12 minutes from town. The property consists of approximately 4 acres of all flat land with your own road, a year long spring fed stream running the length of the property and beautiful mountain views. It's currently setup as a small subdivision containing multiple houses, apartments, trailers, small homes/cabins and a couple empty lots with all utilities there, totaling over 20 units (10 that are rent ready and 10 needing varying remodeling). Also has several garages/storage buildings on the property. Everything is all on one deed, the property has already been subdivided into 5 different parcels, units have their own electric meters. Taxes are affordable and not in a flood zone!