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Mobile Home Park With Expansion Capacity
New
For Sale
$139,900

223 Pennington Drive, East Bernstadt, KY 40729

Residential Income, East Bernstadt, KY

Property Size1,212 SF
Lot Size3.34 Acres
Price / SF$115.43
Days on Market4

Property Features for 223 Pennington Drive

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R-1
Zoning description Rural Residential
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bedroom 2, Bathroom 1
Subdivision Rural
Elementary school Hazel Green
Middle school North Laurel
High school North Laurel
Elementary school district Laurel County - 44
Middle school district Laurel County - 44
High school district Laurel County - 44
Directions From London take North Laurel Rd and turn right on US 490 from there travel 2.3 miles and turn left onto Arthur Ridge Rd/ w. Hwy 1376, then reave 1.2 miles turn left onto Little Arthur Ridge RD then take the first left on to Pennington drive Property begins .2 miles at the house and continues down the street and turn right onto EB Gross Rd the entrance to the mobile homes will be on the right.
Standard status Active
APN 027-10-00-018.00
Size 1,212 SF
Lot size 3.34 Acres

Utilities

Heating system Electric (Heating), Heat Pump (Heating)
Cooling system Electric

Building Details

Year built 1943
Roof type Metal, Shingle
Listing Agency: CENTURY 21 Advantage Realty · Century 21 Real Estate
Listed By: Jeff Mounce
Added: Sep 7 Changed: Sep 8 Last Checked: Sep 10 at 1:06PM
MLS# 26024562

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mobile home park property spans 3.34 acres and includes three mobile homes, with space identified for three additional homes. Three septic tanks and three water meters are already in place. The site also includes a separate 1,212-square-foot house that requires repair and could be used as a rental residence.

The house was built in 1943 and includes two bedrooms and one bathroom. Heating is provided by electric systems and a heat pump, with electric cooling. Roofing includes both shingle and metal materials. The property is located in East Bernstadt, Kentucky, and is zoned R-1.

Key Highlights

  • 3.34‑acre property with three mobile homes
  • Room identified for three additional mobile homes
  • Three septic tanks and three water meters already in place

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store Auto Repair Shop Restaurant Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

Demographics for 40729, KY

5,815
Population
2,499
Households
2.3
Avg Household Size
41
Median Age
11%
College-Educated
82%
High-School Grad
75.1 sq mi
ZIP Area
77
Density / Sq Mi
$46,003
Median Household Income
$37,784
Median Earnings
$713
Median Rent
$95,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - R-1-zoned property with multiple utility connections and an additional house for possible rental use.
Where is this mobile home & rv park located?
The property is located at 223 Pennington Drive East Bernstadt, KY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 3.34‑acre property with three mobile homes; Room identified for three additional mobile homes; Three septic tanks and three water meters already in place
More about this property
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