Railroad FRK, Cannel City, KY 41408 - Morgan County

Cash Price: $47,000

Market Value: $69,000

Savings of 32%

Situated at Cannel City, KY 41408, is an expansive property boasting 27 acres of land, bustling with limitless opportunity. Stunningly unzoned, this rural gem grants you total creative freedom - whether you wish to engage in recreational activities, initiate RV or mobile home camping, or commence your dream farming operation.

The location ensures privacy, away from the hectic city life. It also holds great potential for livestock rearing! More importantly, you won't have to worry about flood risks as the parcel is out of the flood zone. Both electricity and water are readily accessible. However, the latter requires a well. Saying that the property currently lacks a sewer system, so a septic setup will be necessary. Embrace the endless possibilities this substantial lot offers!

Site Address: RAILROAD FRK - CANNEL CITY, KY 41408

County / State: Morgan, KY

Parcel Number: 112-00-00-027.00

Parcel Size: 27 Acres

Parcel Area: 1,176,120 Sq. Ft.

Zoning: No Zoning

# of Dwellings Allowed to be Built: Multi-Family Dwelling

Flood Zone: None

Electric: City electricity available, to be verified by the buyer

Water: Well needed

Sewer: Septic needed

Survey/Plat Map: No

Percolation Test: No

Property Access: No road access

Legal Description: Land

Subdivision: N/A

Center GPS Coordinates: 37.78158985942269,-83.2691027569486

RV Parking / Living Allowed: Yes

Mobile Homes Allowed: Yes

Farming Allowed: Yes

Livestock Allowed/Not allowed: Yes

Annual Taxes: $48.72 (2022)

HOA Fees / Name of HOA: N/A

Elevation: 914.2 feet

Elementary School: North Magoffin Elementary School - 24 mins

Middle School: Morgan County Middle School - 16 mins

High School: Wolfe County High School - 28 mins

Buyers Agent Commission Offered: 3%

Title Provided: Warranty Deed w/ Title Insurance