Historic Colonial Fixer on 0.55 Acres with Huge ARV Potential
Attention investors, restoration specialists, and buyers with vision — this historic colonial property offers a rare opportunity to restore a classic home with incredible character and strong investment potential. Priced at just $99,000, this spacious property located at 119 E Johnson St, Temple, GA 30179 sits on 0.55 acres and features over 2,800 square feet of living space. With 6 bedrooms, historic architectural details, and a documented after-repair value appraisal of $371,500, this property presents an exciting chance to bring a piece of history back to life.
This colonial-style home is ideal for experienced investors or contractors looking for their next restoration project. The property already features several important improvements, including new structural classic fluted columns, new windows, and fresh exterior paint. These upgrades help preserve the historic charm of the home while providing a solid starting point for future renovations.
Situated on a 0.55-acre lot, the property offers both indoor and outdoor space with room for landscaping, entertaining, or additional improvements. The home itself contains approximately 2,814 square feet with 6 bedrooms and 1 bathroom, creating a large footprint with endless redesign possibilities. Buyers with creativity and renovation experience can transform this property into a stunning historic residence, profitable investment property, boutique rental, or spacious family home.
One of the most attractive aspects of this property is the substantial upside potential. According to the listing information, an after-repair value appraisal of $371,500 is available in the listing documents. Additionally, a professional contractor renovation estimate has already been received, projecting approximately $100,000 in renovation costs. For investors searching for value-add opportunities with strong profit margins, this property may represent a compelling project.
Inside the home, much of the original character and historic appeal still remains, offering buyers the opportunity to preserve and enhance classic colonial features while modernizing the interior for today’s living standards. Large rooms, high ceilings, and the overall size of the home create a strong foundation for a complete restoration project.
The property is being sold as-is, and utilities will not be turned on by the seller. Buyers are encouraged to conduct all inspections and due diligence prior to submitting offers. Cash buyers or hard money financing only will be accepted for this transaction. Proof of funds or hard money lender pre-approval must accompany all offers submitted on the property.
An additional financing option may also be available through owner financing terms with 25% down, 12% interest, and a 2-year balloon structure, providing flexibility for qualified buyers looking to secure this unique investment opportunity.
Located in Temple, Georgia, this historic fixer-upper combines classic architecture, renovation potential, and investment upside at an affordable purchase price. The combination of 6 bedrooms, 2,814 square feet, 0.55 acres, structural updates already completed, and strong ARV potential makes this property especially attractive for serious investors and restoration-minded buyers.
The property is scheduled to go to auction on June 25th, making this a time-sensitive opportunity to acquire a historic colonial home with substantial future value and endless possibilities.
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Listed in ZILLOW
