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27829690
27829714

19 Pecks Creek Rd, Stanton, KY 40380

RB
KY 266337
Ross L. Boggess
Listed by Ross L. Boggess
$840,000
648 days on market
Updated 1 day ago

Pecks Creek Cabin Portfolio

Details
Property Type Hospitality, Multifamily (+1)
Sub Type Hotel, Short Term Rental
Square Footage 2,500
Units 6
Cap Rate 8.57%
NOI $72,000
Occupancy 50%
Price per SqFt $336
Year Built 2023
Year Renovated 2023
Acreage 2.000
Investment Type Stabilized

Hospitality | 6 Keys | $140,000/key

Marketing description

Presenting a strong investment opportunity at 19 Pecks Creek Rd, Stanton, KY. This turnkey property is situated on approximately 2 acres on the apron of scenic land and features six newly built (2023) cabins, each with 1 bedroom and 1 bathroom. Located just 5 minutes from Downtown Stanton, 17 minutes from Natural Bridge and Miguel’s Pizza, and 15 minutes from Red River Gorge Nada Tunnel, this property offers an ideal setting for short-term rentals in one of Kentucky's most popular outdoor recreational areas.

Investment Highlights:

  • Strong Cash Flow: The property has an average annual revenue of over $100,000, with an average occupancy rate of 55% from April to October. An average daily rate (ADR) of $100 per night further enhances its income potential.

  • Turnkey Management: The property is managed by a full-service management company that handles cleaning schedules, guest communication, and all aspects of property management, making it an ideal investment for both regional and out-of-state investors.

  • No Zoning Restrictions: Located in Powell County, which has no zoning regulations, the property requires no special permitting for short-term rentals, simplifying operations and allowing for flexible use.

  • Potential for Expansion: The property comes with architectural plans for additional development, including stick-frame construction, offering significant opportunities for future growth.

  • Excellent Infrastructure: The cabins are supported by three septic systems, city water, and high-speed Starlink internet, ensuring reliable and efficient services for all guests. Additionally, spray foam insulation and encapsulated crawl spaces contribute to low utility bills.

  • Prime Location: Situated right off the Mountain Parkway, this property offers easy access to the region’s most popular attractions, making it a desirable location for visitors to the area.

  • Environmental and Legal Compliance: The property is not in a flood zone and has no easements, eliminating common concerns and ensuring a smooth transaction process for potential buyers.

19 Pecks Creek Rd is a prime investment property that offers stable income with substantial growth potential in a high-demand location. With its strategic location, strong existing cash flow, and expansion possibilities, this property is a compelling opportunity for investors looking to capitalize on the thriving short-term rental market in Kentucky.

For more information or to schedule a property tour, please contact us.

Investment highlights

Investment Highlights:

  • Strong Cash Flow: The property has an average annual revenue of approximately $100,000, with an average occupancy rate of 55% during peak season from April to October. An average daily rate (ADR) of $100 per night further enhances its income potential.

  • Turnkey Management: The property is managed by a full-service management company that handles cleaning schedules, guest communication, and all aspects of property management, making it an ideal investment for both regional and out-of-state investors.

  • No Zoning Restrictions: Located in Powell County, which has no zoning regulations, the property requires no special permitting for short-term rentals, simplifying operations and allowing for flexible use.

  • Potential for Expansion: The property comes with architectural plans for additional development, including stick-frame construction, offering significant opportunities for future growth.

  • Excellent Infrastructure: The cabins are supported by three septic systems, city water, and high-speed Starlink internet, ensuring reliable and efficient services for all guests. Additionally, spray foam insulation and encapsulated crawl spaces contribute to low utility bills.

  • Prime Location: Situated right off the Mountain Parkway, this property offers easy access to the region’s most popular attractions, making it a desirable location for visitors to the area.

  • Environmental and Legal Compliance: The property is not in a flood zone and has no easements, eliminating common concerns and ensuring a smooth transaction process for potential buyers.

Listing Contacts

RB
KY 266337
Ross L. Boggess
Listed by Ross L. Boggess

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$72,000.00
$6,000.00/mo

Valuation Metrics

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DSCR
8.57%
Cap Rate
8.57%
ROI

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