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2503 W Madison Avenue, Athens, TN 37303

$120,000
: 3
BD
: 1
BA
: 1,252
SqFt

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Sold Price: $120,000
List Price: $144,900
Closing Date: Jul 24, 2026
MLS#: 1538086
Status: CLOSED
Type: Single Family Residential
City: Athens
County: McMinn
Bedrooms: 3
Bathrooms: 1
Baths Full: 1
Living Area: 1,252
Lot Size: 9,583
Year Built: 1950

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Property Description

Opportunity Knocks in the Heart of Athens! This charming 3-bedroom home offers incredible potential for investors, flippers, or buyers looking to build instant equity. Conveniently located just minutes from historic downtown Athens, shopping, restaurants, schools, and everyday amenities, this property is priced to sell and ready for its next chapter. Significant improvements have already been completed, with approximately 50% of the home renovated and beautiful hardwood floors already in place throughout much of the home. The roof was replaced just five years ago, providing a major upgrade and added peace of mind. The home also includes existing ductwork for central HVAC, though the current central air system is not operational. An enclosed carport provides additional flexible living or storage space, and the front handicap-accessible ramp offers convenient entry. The kitchen is ready for a complete remodel, giving the next owner the opportunity to design and customize the heart of the home to their own taste. With solid bones, major improvements already completed, and plenty of upside remaining, this property presents an outstanding value-add opportunity. Whether you're searching for your next renovation project, rental property, or affordable home to personalize, this property offers tremendous potential at an attractive price. Sale is an assignment of contract. Assignor is assigning its contractual and equitable interest in the property. Closing must be conducted through Key Title & Escrow. Cash only. Financing will not be considered. Contact the listing agent today for additional information or to schedule your private showing.

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Additional Information

Acres: 0.22
Appliances: None
Basement: Crawl Space
Cooling: None
Exterior Features: None
Floors: Carpet, Hardwood, Tile, Vinyl
Living Area: 1,252
Lot Description: Gentle Sloping, Level
Subdivision: Pikwatina
Year Built: 1950
Subdivision: Pikwatina
Heating: None
Water: Public
Sewer: Public Sewer
Office Id: 17437
Agent Id: 11858