701 North Highway 1223, Corbin, KY 40701, Corbin, KY 40701 (MLS# 25500878)

701 North Highway 1223, Corbin, KY 40701, Corbin, KY 40701

$3,615,000

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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: 2/22/2026

Overview

Description

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.

Listing Details MLS# 25500878

Listing Information

Comp Sale YN: No
Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2026-01-23
Purchase Contract Date: 2025-09-17
Close Date: 2026-01-22
Close Price: 3615000
Buyer Financing: Other
Sale Type: Real Estate Owned

Address

County: Laurel
Street Number: 701
Street Name: North Highway 1223, Corbin, KY 40701
State: 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 Contract Date: 2025-09-09
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

MLS Area Major: 044 - Laurel County
Subdivision Name: Commercial
High School District: Laurel County - 44

Interior

Bedrooms Total: 99
Bathrooms Total: 56
Bathrooms 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

Property Features

Cooling: Central Air; Electric Heating: Electric; Heat Pump Parking Features: Paved Possession: Close Of Escrow Roof: Metal Structure Type: Multi Family Showing Requirements: Call Listing Agent

Listing Office: Sallie Davidson, Realtors

Last Updated: February - 22 - 2026

Information deemed reliable but not guaranteed.