56 Hopewell Church Road, Corbin, KY 40701
$850,000
Property Type:
Residential Income
Bedrooms:
16
Baths:
8
Lot Size (sq. ft.):
20,055
Status:
Closed
Current Price:
$850,000
List Date:
6/08/2025
Last Modified:
9/14/2025
Listing Details MLS# 25012136
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
- Original List Price
- 979000
- Start Showing Date
- 2025-06-07
- Listing Contract Date
- 2025-06-07
- 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
Tax Legal
- MLS Area Major
- 044 - Laurel County
- Subdivision Name
- Rural
- High School District
- Laurel County - 44
Interior
- Bedrooms Total
- 16
- Bathrooms Total
- 8
- Bathrooms Full
- 8
- Bathrooms Half
- 0
More Information
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
- Electricity Connected
- Yes
- Natural Gas Not Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- 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
- Elementary School
- Hunter Hills
- Middle Or Junior School
- South Laurel
- High School
- South Laurel
- Tax Rate
- 7.71
- Zoning Description
- r-1
Association/Community
- Number Of Buildings
- 1
- Number Of Units Total
- 8
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
Parking Features
- On Site
- Yes
- Open
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Metal
- Yes
Structure Type
- Multi Family
- Yes
Documents
- Sellers Disclosure Of Property Condition
- Yes
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: September - 14 - 2025
Information deemed reliable but not guaranteed.