601 Phillips LnJunction City, KY 40440

Property Details for 601 Phillips Ln

Lot size

6.79 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 20-unit mobile home park presents a lucrative investment opportunity in Junction City, Kentucky. Situated on a spacious 6.793-acre lot, the property boasts a prime location, combining the tranquility of a rural setting adjacent to a wildlife reserve with convenient access to the amenities of downtown Danville (just 5 minutes away). Lexington, the Bluegrass Airport, The Kentucky Horse Park, Keeneland Race Track, and Rupp Arena are all within a 40-minute drive. The park currently features 14 occupied mobile homes, plus one privately owned home (lot rent only), providing immediate cash flow. There are also two additional camper hookup sites and ample space for future expansion. The property includes a substantial 2-car oversized garage with a separate entrance and living space above, as well as a 12x30 foot shed. Each mobile home site benefits from paved roads and dedicated parking. The property is zoned for both commercial and residential use, offering flexibility for future development. The seller is open to assisting with financing, making this an even more attractive proposition for potential buyers. This is a rare opportunity to acquire a well-maintained, established mobile home park with significant upside potential in a desirable location. The asking price is $695,000.

Location Insight

City

Junction City

County

Boyle

State

Kentucky

Latitude

37.5796

Longitude

-84.8464

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