Improved Mixed-Use Land for Sale in Frankfort, Kentucky

Unlock the potential of this income-producing mobile home park situated on 10 acres and zoned RM, offering both immediate cash flow and significant expansion upside. This turnkey investment includes all mobile homes and a 34' x 34' garage equipped with water and electric-ideal for maintenance operations or additional storage. Currently, the property features 14 established pads across 4 acres, with 12 pads occupied by mobile homes. Of those, 10 are actively rented with tenants in place, while 2 units are undergoing renovations-positioning the next owner for increased rental income upon completion. Most homes have already been remodeled or updated, minimizing near-term capital expenditures. The remaining 6 acres present a prime development opportunity, as the RM zoning supports an additional 15-18 pads, allowing for substantial growth in revenue. Each existing pad is serviced with 200-amp electric, including the garage, ensuring infrastructure is in place for long-term reliability. Recent improvements include a paved roadway (approximately 5 years old) and updated water lines on the right side of the park. To further enhance value, the seller will install one new septic system on the property. Comprehensive annual operating data is available upon request, making this an ideal acquisition for investors seeking both stability and scalability in a strong rental market. (*Out of courtesy to the tenants, please do not drive thru or enter the property without a scheduled appointment.*)