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Parks Ridge Lakefront Development
Coffee Road and Parks Ridge Road, Russell Springs, KY 42642
N/A
17 AC
Land
Residential (land)
- Electricity/Power
- Water
- Telephone
-
Last Verified 9/1/2009
Listing ID 16268575
Description
Incredible Investment Opportunity!
Completed Finished Lake Development With:
Electric Gated Entrance
Paved Roads
Community Park
Underground Utilities
104 Properties Sold For An Average Of $37,038 Per Homesite Since 2007!
Purchase All 17 Developer Owned Properties
For Only $170,000!
Within the last 2 years the developer has sold 104 Parks Ridge home sites for an average of $37,038 per site! That is over 3.8 million dollars in sales in less than 24 months in this development. The developer no longer operates in the Cumberland area and has reduced his 17 home sites to 73% off of the sold average price. That is a reduction from $630,000 to $170,000!
Offering includes 6 lakefronts and 11 interior sites all fully finished and ready to build.
Offering includes 6 lakefronts and 11 interior sites all fully finished and ready to build.
Terms: Purchase Price of $170,000 is For All 17 Properties - Sold As A Whole*
First Come, First Serve. 10% Down at Contract / Close in 30 days.
Lake Cumberland, KY
Map of Coffee Road and Parks Ridge Road, Russell Springs, KY 42642 (Russell County)
Created 6/8/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.