0.6 Acres Lot

Motivated Seller – High-Potential Fixer-Upper Investment with No City Taxes in Greene County

Opportunities like this do not come around often—especially for investors, renovators, and forward-thinking buyers seeking value, flexibility, and long-term upside. Located just outside the city limits in the desirable southern portion of Greene County, this approximately 0.6-acre property offers a rare combination of affordability, location, and untapped potential. With no city taxes and county taxes currently under $400 annually, this property presents a compelling opportunity for those looking to maximize return on investment while minimizing holding costs.

Set along Old Asheville Highway with approximately 100 feet of road frontage, the property offers both visibility and accessibility while still maintaining a peaceful, rural atmosphere. The gently rolling topography and surrounding countryside provide a scenic backdrop that enhances the overall appeal. Whether you are looking to renovate and resell, create a rental property, or build equity through improvements, this location supports a wide range of investment strategies.

At the heart of the property sits a classic farmhouse-style home built in 1938. While it requires updates and improvements, it offers a solid foundation and a layout full of possibilities. With approximately 1,176 square feet of interior living space and a total structure area of 1,248 square feet, the home provides enough room to reimagine and redesign according to modern standards while preserving its original charm.

Currently configured with two bedrooms and one full bathroom, the home also offers the potential for a third bedroom. This added flexibility is particularly valuable for investors, as increasing bedroom count can significantly enhance both resale value and rental income potential. The single-level layout adds convenience and broad appeal, making it attractive to a wide range of future occupants.

Inside, the home features laminate flooring and a functional layout that includes a living area, kitchen space, and designated sleeping quarters. While updates are needed, the existing structure provides a starting point for transformation. Buyers with vision will recognize the opportunity to modernize the interior, upgrade finishes, and create a comfortable, attractive living space tailored to today’s market demands.

The kitchen comes equipped with a range and refrigerator, offering a basic foundation that can be upgraded or reconfigured as part of a renovation plan. With the right improvements, this space can be transformed into a highly functional and visually appealing centerpiece of the home.

Heating is currently provided by propane, while cooling is managed through window units. These systems may be updated or replaced depending on your renovation goals, offering an opportunity to improve energy efficiency and overall comfort. The home also includes a crawl space foundation, which provides access for maintenance and potential system upgrades.One of the standout features of this property is the outdoor space. The 0.6-acre lot offers ample room for expansion, landscaping, or additional improvements. The dimensions—approximately 100 by 260 feet—create a versatile footprint that can accommodate a variety of uses. Whether you envision a garden, outdoor entertaining area, or additional structures, the land provides the flexibility to bring your ideas to life.

The property also includes existing outbuildings, such as sheds, which can be used for storage, workshops, or repurposed as part of your renovation project. A fenced backyard adds an extra layer of functionality, making the property suitable for pets, gardening, or private outdoor enjoyment.

The front porch is another feature that adds to the home’s charm and potential. With the right updates, it can become an inviting space for relaxing, socializing, or simply enjoying the peaceful surroundings. Small touches like this can make a significant impact when it comes to increasing property value and buyer appeal.

From an investment perspective, the zoning designation (A-1) offers additional flexibility, allowing for a variety of potential uses depending on local regulations. This can be particularly advantageous for buyers looking to explore creative or alternative investment strategies.

Utilities are already in place, including electricity and water connections at the road, as well as a septic system. Having these essential services available simplifies the renovation process and reduces upfront costs, allowing you to focus your resources on improvements that add value.

Location is another key advantage of this property. While it offers the tranquility of a rural setting, it remains conveniently close to Greeneville, providing easy access to shopping, dining, schools, and employment opportunities. This balance between privacy and convenience is highly desirable, particularly for buyers seeking an escape from city life without sacrificing accessibility.

The absence of city taxes is a major financial benefit, especially for investors looking to optimize cash flow. Lower annual expenses mean higher potential returns, whether you choose to flip the property or hold it as a rental. Combined with the low purchase price per square foot, this property represents a strong value proposition in today’s market.

It is important to note that the property is being sold as-is, making it ideal for buyers who are prepared to take on a renovation project. This also means that the purchase price reflects the current condition, providing an opportunity to acquire the property at a lower cost and build equity through improvements.

For experienced investors, this is a chance to apply your expertise and creativity to unlock the property’s full potential. For first-time buyers or renovators, it offers an entry point into real estate investment with manageable scale and significant upside.

Imagine transforming this fixer-upper into a charming modern farmhouse, blending rustic character with contemporary finishes. Picture updated flooring, fresh paint, upgraded fixtures, and a redesigned kitchen that brings new life to the space. Envision adding a third bedroom to increase value, or enhancing the outdoor areas to create a welcoming environment for future occupants.

The possibilities are endless, limited only by your imagination and vision.

In today’s competitive real estate market, properties with this level of potential, location, and affordability are becoming increasingly difficult to find. Motivated sellers create opportunities, and this listing is a clear example of a property priced to move.

Whether your goal is to flip, rent, or hold for long-term appreciation, this property offers the foundation for success. With the right approach, it can be transformed into a profitable investment or a comfortable home with built-in equity.

Acting quickly is essential in situations like this. Properties with strong investment potential and low holding costs tend to attract attention from savvy buyers who recognize value when they see it.

Do not miss your chance to secure this opportunity in Greene County. With its combination of location, acreage, low taxes, and renovation potential, this property checks all the boxes for a smart investment.

Schedule your showing today and take the first step toward turning this fixer-upper into your next success story. Opportunities like this are not just found—they are created by those ready to take action.

Listed on Zillow