KY > Waynesburg > Rural
Waynesburg, KY 40489,1659 KY-501
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Deonica Asbery

Deonica Asbery

+1(859) 329-8193
$ 120,000
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1659 KY-501 Waynesburg, KY 40489

4 Beds

2 Baths

2,250 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $53

Subdivision Rural

MLS Listing ID 26000263

Bedrooms 4

Full Baths 1

Half Baths 1

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Single Family Residence

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.

Location

State KY

County Lincoln

Rooms

Basement Full, Walk Out Access, Walk Up Access

Interior

Interior Features Entrance Foyer

Heating Ductless

Cooling Ductless

Flooring Hardwood, Laminate

Laundry Electric Dryer Hookup, Main Level, Washer Hookup

Exterior

Exterior Feature Ramped Access

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Building

Foundation Block

Sewer Septic Tank

Schools

Elementary Schools Waynesburg

Middle Schools Lincoln Co

High Schools Lincoln Co

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Keller Williams Commonwealth - Stanford
Deonica Asbery

Deonica Asbery

Broker | License ID: 262947

+1(859) 329-8193

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1659 KY-501

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