4950-South Hwy 1009, Monticello, KY
$ 524,000
Property Attributes
  • MLS#23018025
  • TypeMulti-Family
  • CountyWAYNE
  • CityMonticello
  • Area070 - Wayne County
  • Zip42633
  • StyleApartments
  • Price$ 524,000
  • Bedrooms0
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage12160
  • Lot Size8 Acres
Data Source:
Bluegrass REALTORS®
Property Description

Be sure to check out this unique opportunity in this very appealing property. Solidly built as an elementary school in the early 1960's, this building has been beautifully renovated into a residential property with 10 separate units, all under one roof. For over 10 years, the current owners have painstakingly converted the property to a showplace you have to see! There are (3) 2-bedroom Apts with 2 car garage, 1 bedroom apt with 2 car garage, and 6 other studio units. 4-units that have additional storage, in addition to tons of attic storage. All units have a doorway to the outside, along with an interior hallway that runs the length of the building. There is a common kitchen & dining area along with several storage bays. Most of the furnishings and appliances stay. Outside is a storage building and barn, all on an 8-acre tract. The owners are in the process of installing an electric vehicle charging station. The mountain views are incredible! Think of possibilities here; a bed & breakfast, a 10-unit apartment or condo building, a rehabilitation center, or a place to house your whole extended family and friends. In the heart of Southern Kentucky's 4-wheeler country.

Elementary School Middle School High School
Wayne Co Elementary School Wayne Co Middle School Wayne Co High School
Price History
9/16/2023 Listed $549,000
1/26/2024 5% - $524,000

General Features

Heating Electric,Zoned
Cooling Electric,Zoned
Possession Close Of Escrow
Roof Metal
Parking 11 - 20 Spaces,Gravel,Open
Amenities Security System
# of Buildings One
School District Wayne County - 70
Subdivision Rural
County Wayne
Tax Rate 01-County
Property Type F
Area 070 - Wayne County
Terms Sale
Status Active
Year Built 1964
Directions Leaving Monticello going West on KY 90,travel around 8 miles and turn left on 1009S. Travel around 5 miles to property on the right.
City Monticello
Geo Lat 36.719377
Street Name HWY 1009
Water Water Connected
High School Wayne Co
Elementary School Wayne Co
Geo Lon -84.96725
Structure Type Apartments,Other

Interior Features

Total Baths 10.00
Full Baths 10
Unit Info: # of Units 10
Stories One

Exterior Features

MLS Identifier 20180201170722572567000000
Lot Size Square Feet 348480.00
Lot Size Acres 8.0000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 42633

AVG $460K
AVG 48
Data Provided by Inside Real Estate®
Year Built
AVG 1964

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