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Torrey Smith

torrey@smithclick.com +1(502) 417-0910

$ 200,000

4 Beds

2 Baths

2,030 SqFt

Save

$ 200,000

Save

4 Beds

2 Baths

2,030 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,030 sqft

Price per Sqft $98

MLS Listing ID 26021537

Style Ranch

Bedrooms 4

Full Baths 1

Half Baths 1

Year Built 1970

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Single Family Residence

Property Description

Investor opportunity near Lake Cumberland! This 4-bedroom, 1.5-bath ranch offers the convenience of one-level living with an unfinished basement providing valuable storage and plenty of room for future expansion or additional finished space. There are 2 additional space that offer opportunities and potential income. In the basement there is an unffinished space previoulsy used as an apartment. The property also features a separate ADU of 3 units at the back of the property (deeded seperately but being sold together.) This creates potential flexibility for rental income, guest accommodations, multigenerational living, or an owner-occupied investment strategy. This home is situated in Ferguson with convenient access to Lake Cumberland and the surrounding Somerset area. This is a property is a great way to add value and create multiple income-producing possibilities. The existing layout and additional dwelling provide a solid starting point for an investor, while the property's overall potential allows you to bring your own vision and make it your own. Due to the additional dwelling structure, this property is not eligible for FHA, VA, or conventional financing and is best suited for cash buyers, local bank financing or investors. If you're looking for a property with upside, flexibility, and multiple ways to maximize its potential, take a closer look at 701 Whitaker Lane! Pulaski County is immediately adjacent to Somerset. Ferguson itself is a small community just south of downtown Somerset, so the property's biggest location advantage is access to Somerset while retaining a more small-town setting. Ferguson is also near Lake Cumberland, with the Cumberland River/Lake Cumberland area southwest of the community, and Burnside is roughly 5 miles south of Ferguson.

Location

State KY

County Pulaski

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Primary Downstairs

Heating Heat Pump, Other

Cooling Electric, Heat Pump

Flooring Carpet, Laminate, Vinyl

Exterior

Parking Features Driveway

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Building

Lot Description Wooded

Story One

Foundation Block

Sewer Septic Tank

Architectural Style true

Level or Stories One

Schools

Elementary Schools Southern

Middle Schools Southern

High Schools Southwestern

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Keller Williams Bluegrass Realty

Nearby School & Business

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701 Whitaker Lane Ferguson, KY 42533