130 Sheila Circle,Williamsburg, KY 40769
Williamsburg, KY 40769
Description
CASH FLOW FROM DAY ONE -- THREE INCOME-PRODUCING MANUFACTURED HOMES IN ONE OF KENTUCKY'S MOST UNDERSERVED RENTAL MARKETS. Affordable housing inventory in Williamsburg is critically low and rental demand has never been stronger, driven by 7,600+ students at the University of the Cumberlands, a growing healthcare workforce at Baptist Health Corbin, and steady I-75 traveler traffic. Three tenants. Three income streams. $2,250/month. $27,000/year. One smart acquisition. 130, 150, and 240 Sheila Circle sit in Sandy Acres Subdivision on a combined 1.21 acres of flat, usable land -- a rare find in Whitley County. Hold long-term as traditional rentals, convert to short-term Airbnb-style units, or land-bank the acreage while collecting rent. This portfolio checks every box. THE PROPERTIES: 130 Sheila Circle -- 1999 Fleetwood Sunpoint (14x60) on 1.17 acres, the newest and most land-rich of the three. 150 Sheila Circle -- 1994 Belmont (14x60), solid and affordable, pencils out beautifully as a long-term rental. 240 Sheila Circle -- 1990 Belmont Premier (14x70), the largest footprint, ideal for families and UC students. All three are single-story, R-5 zoned, Whitley County Schools. LOCATION: University of the Cumberlands -- 1.5 miles; 7,600+ students, chronic off-campus housing shortage. Baptist Health Corbin Williamsburg Campus -- under 2 miles; reliable healthcare worker tenant pool. I-75 Exit 11 -- under 1 mile; direct interstate access. The Mint Cumberland Gaming Hall -- under 1 mile; 550+ gaming machines, sports betting, draws thousands of regional visitors monthly. Walmart Supercenter -- 1.5 miles. Cumberland Regional Mall and downtown dining -- within 2 miles. Lexington, KY -- 100 miles north via I-75. Knoxville, TN -- 70 miles south via I-75. WHY THIS MARKET: Williamsburg is not speculative -- it is proven. Fewer than 10 rentals are typically listed near UC at any given time. Short-term rental hosts in Williamsburg average $11,700+/year at $125/night. The Baptist Health workforce, UC faculty, students, and I-75 travelers create overlapping tenant pools that keep vacancy low and rents stable. Three homes. 1.21 acres. $27,000/year in rent. A university town with chronic rental shortages. Homes like these do not sit in Williamsburg. Sold as-is. Buyer to verify all sq footage, bed/bath counts, and details. Shown by appointment.
Details
| MLS # | 26014503 |
|---|---|
| Listing Type | For Sale |
| Style | Mobile Home Park |
| Sub-Type | Resale |
| Status | Active |
| Year | 1999 |
| Days On Site | 62 |
| Listing Provided By | CENTURY 21 Advantage Realty | Misty Lewis |
Features
| SQ Feet | 2,660 |
|---|---|
| Basement | Y |
| Building(s) | 3 |
| Zoning | Other |
| Acreage | 1.17 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Gravel, On Site |
Utilities
| Utilities | Electricity Connected, Water Connected |
|---|---|
| Sewer | Septic Tank |
Area Information
| State | KY |
|---|---|
| County | Whitley |
| City | Williamsburg |
| Zip Code | 40769 |
| Area | 068 Whitley County |
| Subarea | Whitley County |
| Community Name | Sandy Acres |
| Listing VS Median (in Sandy Acres) | |
Price: $300,000 low | high Med: $300,000 sqft: 2,660 low | high Med: 2,660 $ / sqft: $113 low | high Med: $113 On site: 62 low | high Med: 62 | |
Market Activity 40769
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Learn More About This Property
| State | KY |
|---|---|
| County | Whitley |
| City | Williamsburg |
| Zip Code | 40769 |
| Area | 068 Whitley County |
| Subarea | Whitley County |
| Community Name | Sandy Acres |
| Listing VS Median (in Sandy Acres) | |
Price: $300,000 low | high Med: $300,000 sqft: 2,660 low | high Med: 2,660 $ / sqft: $113 low | high Med: $113 On site: 62 low | high Med: 62 | |