Building Details

Tenancy Multi

Listing Agency: Sibcy Cline, REALTORS-CC r***@sibcycline.com Show Phone

Listed By: Rebecca Orth · License #185702 Show Phone

Source: Exprealty

Added: Apr 3 Changed: Aug 21 Last Checked: Aug 22 at 11:25AM

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Investment Insights

Based on property information with market context.

Martz Cottages on the River is a for-sale rental property on 23.3 acres in Melbourne, KY, with cottages and RV/mobile home lots currently rented and requiring notice for showings. The offering includes 4-year round rental cottages and 9 seasonal rental cottages, along with 3 year-round mobile home lots and 3 seasonal RV lots. All units are tied to public water and have septic, and the property also includes a 2-car garage for storage plus additional vacant land for expansion.

The tract is described as including land deeded as one with the property at 5646 New DR (MLS#641204), titled separately. The river bottom area includes approximately 10 acres that may be used as part of the property. Cottages are zoned A-1 Agricultural, with river bottom areas zoned R-CO River Recreation.

Zoned for both cottage and river bottom uses, this is structured as an existing mix of year-round and seasonal accommodations on a single ownership platform with room to add more cottages and RV lots.

Key Highlights

• Martz Cottages on the River on 23.3 acres with all cottages and RV/mobile home lots currently rented (notice required to view).
• Rental mix includes 4‑year round rental cottages, 9 seasonal rental cottages, 3 year‑round mobile home lots, and 3 seasonal RV lots.
• All units tied to public water and septic systems.

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Auto Repair Shop Electrical Service Carpet & Flooring Store Restaurant Bar & Pub

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

13

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 41059, KY

2,692

Population

1,286

Households

2.1

Avg Household Size

46

Median Age

21%

College-Educated

90%

High-School Grad

15.4 sq mi

ZIP Area

175

Density / Sq Mi

$53,667

Median Household Income

$45,534

Median Earnings

$709

Median Rent

$212,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Portfolio of rental cottages, mobile home lots, and RV lots on shared public water and septic systems.

Where is this mobile home & rv park located?

The property is located at 4068 Fry St Melbourne, KY.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Martz Cottages on the River on 23.3 acres with all cottages and RV/mobile home lots currently rented (notice required to view).; Rental mix includes 4‑year round rental cottages, 9 seasonal rental cottages, 3 year‑round mobile home lots, and 3 seasonal RV lots.; All units tied to public water and septic systems.