1659 Ky-501, Waynesburg, KY 40489
Local realty services provided by:CENTURY 21 Simpson & Associates
1659 Ky-501,Waynesburg, KY 40489
$120,000
- 4 Beds
- 2 Baths
- 2,250 sq. ft.
- Single family
- Active
Listed by: curtis brown, crystal l brown
Office: keller williams commonwealth - stanford
MLS#:26000263
Source:KY_LBAR
Price summary
- Price:$120,000
- Price per sq. ft.:$53.33
About this home
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.
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Home facts
- Year built:9999
- Listing ID #:26000263
- Added:59 day(s) ago
- Updated:March 06, 2026 at 03:44 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:11
- Flooring:Hardwood, Laminate
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:2,250 sq. ft.
Structure and exterior
- Year built:9999
- Building area:2,250 sq. ft.
- Lot area:0.31 Acres
- Construction Materials:Vinyl Siding
Schools
- High school:Lincoln Co
- Middle school:Lincoln Co
- Elementary school:Waynesburg
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$120,000
- Price per sq. ft.:$53.33
Features and amenities
- Laundry features:Electric Dryer Hookup, Main Level, Washer Hookup
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