701 North Highway 1223, Corbin, KY 40701, Corbin, KY 40701
$3,615,000
Property Type:
Residential Income
Bedrooms:
99
Baths:
56
Square Footage:
45,192
Lot Size (sq. ft.):
261,360
Status:
Closed
Current Price:
$3,615,000
List Date:
9/10/2025
Last Modified:
10/13/2026
Overview
Description
Listing Details MLS# 25500878
Listing Information
- Property Sub Type
- Apartment
- Comp Sale YN
- No
Status Change Information
- StatusChangeDate
- 2026-01-23
- Contract Acceptance Date
- 2025-09-17
- Sold Date
- 2026-01-22
- Buyer Financing
- Other
- Sale Type
- Bank Owned
Address
- County
- Laurel
- Street #
- 701
- Street
- North Highway 1223, Corbin, KY 40701
- State/Province
- KY
- Zip Code
- 40701
- Directions
- I 75 Exit 29. Turn east and go 1/5 miles to Highway 1223, turn left, 2 miles on the right to complex.
- Parcel Number
- 123-1--00-039.00 & 123-00-00-048.00
Contract
- Original List Price
- 4424000
- Listing Price
- 4424000
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 737333.33
- List Price/SqFt
- 97.89
- Sold Price/Acre
- 602500
- Sold Price/SqFt
- 79.99
- SP/LP
- 0.82
Tax Legal
- Area
- 044 - Laurel County
- Subdivision/Condo
- Commercial
- School District
- Laurel County - 44
Interior
- Total # Bedrooms
- 99
- Total Bathrooms
- 56
- Baths - Full
- 56
- Living Area
- 45192
More Information
Building
- Year Built
- 1993
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 6
- Lot Size Square Feet
- 261360
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- 56 Unit Apartment Complex in south Laurel County. This complex is a prime investment opportunity and priced under market at 79000.00 per unit. This property is 100 percent occupied and benefits from strong demand due to it's convenience to I-75, shopping, Cumberland College, and restaurants. Positioned to generate immediate rental income growth as rents continue to rise in this area. Investors don't let this opportunity pass if you are looking for steady cash flow for long term. This complex, since deeded separately, is being offered as 24 two bedroom units, 32 two bedroom units or all 56 units all according to your investment desires. Owner/Agent.
Building and Property Details
- Building Expansion Potential YN
- Yes
Showing Information
- Showing Instructions
- Showing Time
Tax & Legal
- Tax Rate
- 7.71
Association/Community
- Number Of Buildings
- 7
- Number Of Units Total
- 56
Parking Features
- Paved
- Yes
Roof
- Metal
- Yes
Property Features
Cooling:
Central Air; Electric
Heating:
Electric
Possession:
Close Of Escrow
Structure Type:
Multi Family
Showing Requirements:
Call Listing Agent
Listing Office:
Sallie Davidson, Realtors
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.