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London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale

1659 Ky-501, Waynesburg, KY 40489

$120,000
  • 1659 Ky-501, Waynesburg, KY 40489 Main Photo

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Active
BEDS4 BATHS1 full 1 partial SQUARE FEET2,250 MLS#26000263
STATUS PROPERTY TYPEResidential - Single Family SUBDIVISIONRural SCHOOLLincoln County - 24

Property Description

Investor Special who's looking for a Value-Add Opportunity with a Strong ARV Rare opportunity to reposition a former church (could easily be converted back to a church if desired) with substantial square footage and multiple exit strategies. This 2,250 sq ft main-level property has already been largely converted into a 4-bedroom, 1.5-bath layout, featuring a bonus room, office, and family room ??? all on one level. Laundry is conveniently located on the main floor and could easily function as a shared common area for future multi-tenant use. The property includes a separate electric meter for the upper level and a 1,250 sq ft unfinished basement, offering excellent potential to add additional bedrooms, expand living space, or convert the property into a duplex or multi-unit investment. The basement is a true blank canvas, ideal for maximizing value and rental income. Renovations on main floor have been started but not completed, allowing the next owner to customize layouts and finishes in select areas upstairs while unlocking significant upside below. HVAC infrastructure is in place with ductwork already run; the fuel oil system will need repair or replacement, but the setup appears ready for straightforward installation of new indoor and outdoor units. According to a recent appraisal, ARV exceeds $215,000.00 presenting a clear opportunity for investors seeking equity creation, BRRRR potential, or a long-term buy-and-hold. With strong bones, flexible configuration options, and substantial square footage, this property is well-suited for experienced investors or owner-occupants looking to add value. Sold as-is. Bring your vision and capitalize on this unique value-add opportunity.

1659 Ky-501 | MLS# 26000263

This single family home located at 1659 Ky-501, Waynesburg, KY 40489 is currently listed for sale with an asking price of $120,000. This property has 4 bedrooms and 1 full and 1 partial baths with 2250 sq. ft. Ky-501 is located in the Rural subdivision within the Lincoln County - 24 school district. Search Rural real estate on www.salliedavidson.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Ductless
Heating: Ductless
Lot Size: 0.31 Acres
Roof Type: Metal

Amenities

Entrance Foyer
Ramped Access

Feature Descriptions

Basement Features: Exterior Entry, Full, Unfinished, Walk-Out Access, Walk-Up Access
Days on Site: 56
Exterior: Vinyl Siding
Flooring: Hardwood, Laminate
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup, Common Area
Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup, Common Area
Lot Dimensions: 0.310 acre(s)
Parcel #: 42-062
Rooms Total: 11
Structure Type: Duplex, Multi Family, Other

Local Schools

High School: Lincoln Co
Middle School: Lincoln Co
Elementary School: Waynesburg
School District: Lincoln County - 24

Listed By / Shown By

Listed By

Agency Name: Keller Williams Commonwealth - Stanford

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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Estimated Payment

$ 466.08 per month $431.08 Principal & Interest $0.00 Property Tax (data not provided by mls) $35.00 Homeowner's Insurance

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