538 Mount Nebo Rd

Active

Iron City, TN 38463

3
Bedrooms
1.5
Bathrooms
1,550.00
Sq Ft
Acres
Updated 12 minutes ago MLS #: 3248050 Listed 1 week ago

$950.00

Monthly Rent
$1
Per Sq Ft

About This Property

APPRAISED NEAR $205K | 2 ACRES | OWNER FINANCING POSSIBLE | LEASE OPTION AVAILABLE | MOTIVATED SELLER Excellent value-add opportunity on approximately 2 acres near the Tennessee/Alabama state line. Ideal for investors, landlords, renovators, or owner-occupants seeking equity potential and flexible purchase options. Existing floor plan may offer the possibility of converting the attached 2-car garage into additional living space, potentially creating a 4th or 5th bedroom, subject to buyer verification. Available purchase options include traditional financing, lease with option to purchase, and potential owner financing subject to seller approval and acceptable terms. Housing vouchers and third-party housing assistance programs may be considered subject to property eligibility, program requirements, and owner approval. Lease-option terms may include a security deposit equal to one month's lease payment, a minimum non-refundable option fee of 10% of the purchase price, and a $50 application fee per adult applicant. Written lease agreements, disclosures, screening, and owner approval required. Property features Lawrenceburg Utility System electric service, Iron City water service, approximately 2 acres, and no known deed restrictions. Contractor repair estimate available upon request. Property is being sold and/or leased AS-IS. Buyer and/or tenant to independently verify all information deemed important, including square footage, zoning, restrictions, schools, utilities, financing eligibility, room count, and intended use. Seller makes no representations or warranties. Equal Housing Opportunity.

Rental Details

Lease Term Month To Month
Pets Allowed Call
Available Jun 5, 2026
Rent Includes None
Tenant Pays Cable TV,Electricity,Gas,Trash Collection,Water
Owner Pays None

Location

Subdivision Count
Directions From Saint Joseph take 227 1.5 miles, turn right onto Mt. Nebo Rd. Look for Pointer signs !y

Interior Features

Interior Features Bookcases,Ceiling Fan(s),Walk-In Closet(s),High Speed Internet
Heating Central,Propane,Wall Furnace
Cooling Central Air,Gas
Flooring Wood,Laminate,Tile,Vinyl
Appliances Oven
Basement Unfinished

Exterior & Property

2 Car Garage
Stories 1
Construction Materials Vinyl Siding
Patio/Deck Features Deck,Porch
Fencing Partial
Sewer/Septic Septic Tank
Water Source Private

Schools

K-5
Elementary School
Leoma Elementary
6-8
Middle School
Leoma Elementary
9-12
High School
Loretto High School

Property Details

Property Type Residential Lease
Property Sub Type Single Family Residence
Year Built 1956
Listing Office Polk Property Real Estate
Listing Agent Shavonda M. Polk
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2026-07-01T04:30:56+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.