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Tiffany Siems

tiffanysiemsrealtor@gmail.com +1(502) 608-2693

$ 189,900

Est. payment | -/mo

4 Beds

2 Baths

2,274 SqFt

Save

$ 189,900

Est. payment | -/mo

Save

4 Beds

2 Baths

2,274 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,274 sqft

Price per Sqft $83

MLS Listing ID 1731042

Style Traditional

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,274

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Single Family Residence

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 2274

Property Description

Versatile mixed-use opportunity in the heart of Munfordville, just steps from the courthouse square and surrounded by established businesses and residential activity. 114 W Union Street offers approximately 2,520 SF with multiple paths for an owner-user, investor, or residential buyer. The first floor has been extensively renovated and is ready for business use, featuring a welcoming reception/waiting area, multiple private offices or flexible workspaces, kitchen with stainless appliances, restroom, custom poplar doors, updated plumbing, newer windows, modern lighting, and HVAC installed in 2023. A large accessible front ramp provides convenient entry. The second floor offers significant value-add potential and could be completed as additional office space or potentially configured as a 2-bedroom, 1-bath apartment, creating an opportunity for an owner to operate a business downstairs while generating residential income upstairs. Investors can explore a two-tenant model with projected combined rents of approximately $1,800/month, offering the potential for a 9%+ cap rate at the current asking price, subject to actual expenses and lease terms. Prefer residential use? With completion of the upstairs, the property also has the potential to function as an approximately 4-bedroom, 2-bath home with more than 2,200 SF for under $190,000. Whether the goal is to occupy, invest, live/work, or reposition, this property offers flexibility that's difficult to replicate at this price point in a prime in-town location.

Location

State KY

County Hart

Direction I-65 to Exit 65 (Munfordville). Take US-31W/Main St south toward Munfordville. Continue approximately 1.7 miles, then turn right onto W Union St. Property will be on the left at 114 W Union St

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Central Air

Fireplaces Number 4

Fireplace Yes

Exterior

Exterior Feature Handic Prov

Parking Features On Street, Entry Rear

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Sidewalk

Story 2

Foundation Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding

Greater Louisville MLS (Metro Search Inc)

Listed by Knob & Key Realty, LLC

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(502) 608-2693

tiffanysiemsrealtor@gmail.com

Learn More About LPT Realty

114 W Union St Munfordville, KY 42765