538 Mount Nebo Rd, Iron City, TN 38463

Property Description

Opportunity to lease with an option to purchase this property located near the Tennessee/Alabama state line. Property includes approximately 2 acres, a circular driveway, additional utility connection in the backyard, and partially fenced acreage suitable for those wanting extra outdoor space. Lease-Option Terms: Minimum 10% option fee required. Option fee and final purchase terms are subject to a written lease-option agreement. Prospective purchaser must obtain their own independent real estate representation. Property is offered AS-IS, WHERE-IS. Seller will not make repairs. Prospective purchaser is responsible for inspections, due diligence, financing, and determining whether the property meets their intended use. Property needs handyman/repair work and may not currently qualify for traditional financing without repairs. USDA / Rehabilitation Financing The property may potentially qualify for a USDA rehabilitation, repair, or other eligible rural housing financing program, depending upon the property, proposed repairs, borrower eligibility, program requirements, and available funding. No USDA eligibility or financing is guaranteed. Interested parties should contact USDA Rural Development or a USDA-approved/participating lender directly to determine borrower eligibility, property eligibility, required repairs, and available loan or rehabilitation options before entering into an agreement. Potential buyers should not rely upon the Seller or brokerage as a source of lending or USDA eligibility advice. Property Condition Property is being offered in its present condition. Known or observed items may include electrical work, porch repairs, gutter/water-management concerns, signs of prior water intrusion, and other deferred maintenance. Buyer/optionee should perform all desired inspections and independently verify the condition of the property. Seller will not complete lender-required or buyer-requested repairs. Equal Housing Opportunity. All information is b