Listing Agency: Plum Tree Realty b***@plumtreerealty.com Show Phone

Listed By: Rashelle Trotter Show Phone

Source: Exprealty

Added: Sep 28 Changed: Oct 15 Last Checked: Oct 16 at 10:48AM

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Investment Insights

Based on property information with market context.

Set across more than 11 acres, the property includes a main house and four separate apartments. The main house is powered entirely by solar panels. Recreational features include a lake, a second pond, and an inground pool.

The same family has owned and developed the property since 1976. Its multiple residences and outdoor amenities provide a range of on-site residential and recreational spaces.

Key Highlights

• More than 11 acres of developed property
• Main house plus four additional apartments
• Solar panels provide all power for the main house

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Auto Repair Shop Parking Lot & Garage Gym & Fitness Center

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

5

Residential units

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

Demographics for 41051, KY

31,582

Population

11,643

Households

2.7

Avg Household Size

35

Median Age

38%

College-Educated

95%

High-School Grad

30.1 sq mi

ZIP Area

1,049

Density / Sq Mi

$100,169

Median Household Income

$50,949

Median Earnings

$1,219

Median Rent

$241,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - A main residence, four apartments, and private water features form a multi-building residential compound.

Where is this multifamily property located?

The property is located at 741 Rickey Ln Independence, KY.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: More than 11 acres of developed property; Main house plus four additional apartments; Solar panels provide all power for the main house