Description
This unique property offers investors the opportunity to purchase a home & apartment building, both need renovated. Home is a spacious ranch with a full walk-out basement. The basement was gutted after the upper-level laundry room flooded. It previously included a living room, three bedrooms, a full bathroom, and a kitchen. This area could be converted into an apartment for additional income. The apartment building has one unit on the upper level. The stairs & decking to the apartment need to be replaced so listing agent has not been able to view the unit. Lower level used for storage but could be renovated turned into a lower unit apartment. Property in a great location, just minutes from exit 41. making it a desirable investment opportunity. Investors can choose to renovate & rent out home with a basement apartment as well as the apartment building, or convert the property into a single-family home. This property is being marketed by a real estate broker who has a guaranteed purchase contract with the owner. Will not qualify for government backed loans. Must be cash purchase or conventional loan. Contact the listing agent for more information & to schedule viewing.
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4BEDS
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0.54ACRES
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1BATHS
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11/2 BATHS
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1,040SQFT
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$135$/SQFT
School Information
Description
This unique property offers investors the opportunity to purchase a home & apartment building, both need renovated. Home is a spacious ranch with a full walk-out basement. The basement was gutted after the upper-level laundry room flooded. It previously included a living room, three bedrooms, a full bathroom, and a kitchen. This area could be converted into an apartment for additional income. The apartment building has one unit on the upper level. The stairs & decking to the apartment need to be replaced so listing agent has not been able to view the unit. Lower level used for storage but could be renovated turned into a lower unit apartment. Property in a great location, just minutes from exit 41. making it a desirable investment opportunity. Investors can choose to renovate & rent out home with a basement apartment as well as the apartment building, or convert the property into a single-family home. This property is being marketed by a real estate broker who has a guaranteed purchase contract with the owner. Will not qualify for government backed loans. Must be cash purchase or conventional loan. Contact the listing agent for more information & to schedule viewing.
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Listing provided courtesy of Tonya Freeman of Freeman Brothers Realty Llc: (606) 620-9093 . Listing information © 2023 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.