$850,000
Corbin, KY 40701
MLS# 25012136
Status: Closed
16 beds | 8 baths
1 / 55
Property Description
Seize this rare opportunity to own a fully remodeled two-story 8-unit apartment building in Laurel County, perfectly positioned off Hwy 25 between London and Corbin. Built in 1996 and sitting on .46 acres, each unit features 2 bedrooms and 1 bathroom—ideal for long-term tenants or short-term rental income. Every inch of this property has been professionally renovated from top to bottom, offering peace of mind and reduced maintenance for years to come. Recent upgrades include: • Brand new roof, siding, gutters, and windows • New HVAC systems (2 ton each) and water heaters in all units • Drywall refurbishment, fresh interior paint, and modern flooring throughout • Soundproof flooring installed in upper units • Updated electrical systems with new switches, outlets, and lighting • Beautifully remodeled kitchens and bathrooms with new cabinets, vanities, granite countertops, and solid surface vanities • All-new bathtubs, toilets, faucets, and stainless steel appliances • Brand new outdoor metal stairs, railing, and awning • Freshly poured concrete sidewalks and new asphalt parking lot (to be completed prior to closing). Fully enclosed with a new vinyl privacy fence, new vapor barrier in crawl space added for extra protection, connected to city sewer. This turnkey property is not only move-in ready for tenants -it's investment ready for you. Whether you're expanding your portfolio or starting your rental business, this is a s standout opportunity in a strategic location with consistent rental demand. Don't miss out on this fully, updated income-producing gem, Schedule your private showing today!
Details
Listing Information
Comp Sale YN: No
Property Sub Type: Apartment
Status Change Information
Status Change Timestamp: 2025-08-14
Purchase Contract Date: 2025-07-19
Close Date: 2025-08-14
Close Price: 850000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: No
Address
County: Laurel
Street Number: 56
Street Name: Hopewell Church
Street Suffix: Road
State: KY
Zip Code: 40701
Directions: From Corbin, Turn left onto US-25W, in .8 turn left onto Cherry Avenue, in 2.1 miles turn left onto Warren Chandler Drive, in 350ft turn right onto Hopewell church road, turn left in 500ft, in 100ft turn left, apartments are located on the left.
Parcel Number: 123-10-00-0.21.00
Contract
Current Price: $850,000
Original List Price: 979000
Status: Closed
Start Showing Date: 2025-06-07
Listing Contract Date: 2025-06-07
Sold Price: $850,000
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant
Office Exclusive YN: No
List Price/Acre: 2126411.82
Sold Price/Acre: 1846220.68
SP/LP: 0.87
Interior
Bedrooms Total: 16
Bathrooms Total: 8
Bathrooms Full: 8
Parking Information
Parking Total: 20
Building
Year Built: 1996
Stories Total: 2
Lot
Lot Size Acres: 0.4604
Lot Size Square Feet: 20055
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: Seize this rare opportunity to own a fully remodeled two-story 8-unit apartment building in Laurel County, perfectly positioned off Hwy 25 between London and Corbin. Built in 1996 and sitting on .46 acres, each unit features 2 bedrooms and 1 bathroom—ideal for long-term tenants or short-term rental income.
Every inch of this property has been professionally renovated from top to bottom, offering peace of mind and reduced maintenance for years to come. Recent upgrades include:
• Brand new roof, siding, gutters, and windows
• New HVAC systems (2 ton each) and water heaters in all units
• Drywall refurbishment, fresh interior paint, and modern flooring throughout
• Soundproof flooring installed in upper units
• Updated electrical systems with new switches, outlets, and lighting
• Beautifully remodeled kitchens and bathrooms with new cabinets, vanities, granite countertops, and solid surface vanities
• All-new bathtubs, toilets, faucets, and stainless steel appliances
• Brand new outdoor metal stairs, railing, and awning
• Freshly poured concrete sidewalks and new asphalt parking lot (to be completed prior to closing). Fully enclosed with a new vinyl privacy fence, new vapor barrier in crawl space added for extra protection, connected to city sewer.
This turnkey property is not only move-in ready for tenants -it's investment ready for you. Whether you're expanding your portfolio or starting your rental business, this is a s standout opportunity in a strategic location with consistent rental demand.
Don't miss out on this fully, updated income-producing gem, Schedule your private showing today!
Building and Property Details
Common Area SqFt: 7360
Unit Details
Number Of Units Vacant: 8
Showing Information
Showing Instructions: schedule through showing times
Tax Legal
MLS Area Major: 044 - Laurel County
Subdivision Name: Rural
High School District: Laurel County - 44
Property Features
Utilities: Electricity Connected; Natural Gas Not Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Not Available; Sewer Connected; Water Connected
Cooling: Electric
Heating: Electric
Parking Features: On Site; Open; Paved
Possession: Close Of Escrow
Roof: Metal
Structure Type: Multi Family
Documents: Sellers Disclosure Of Property Condition
Listing Office: CENTURY 21 Advantage Realty
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.