2 Duplex Package Deal in Hixson with Immediate Cash Flow
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||$131,250 Per Unit
|Property Use Type:
||Cash to Seller, Other
Overview / Comments
Incredible opportunity to purchase two duplexes in Hixson with excellent rental history. 4460 & 4500 Norcross Rd are neighboring single-story duplexes being sold together as a package deal. Both were built in 1963 and feature 1,598 sqft, low maintenance brick exteriors, and 7 year old architectural shingle roofs. All four units boast 2 bedrooms, 1 full bathroom, living rooms, eat-in kitchens, washer/dryer hookups, and off-street parking. Additionally, three of the units offer hardwood flooring. The duplexes are currently 100% occupied with a $2,775 GMI. If all units were rented at market rent, GMI could be $4,400. Centrally and conveniently located between Hixson, Red Bank and downtown Chattanooga, these properties are a quick drive to an abundance of grocery stores, restaurants, local businesses and shops, major retailers, and schools alike. Since the properties are tenant occupied, showings can only be scheduled after an accepted letter of intent or accepted contract. To be sold as-is.
Attachments & Media
||109E L 028 & 109E L 029
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||1830D 11 32 Lt 4 Hixson Heights Revised Pb 23 Pg 107 & 1830D 11 35 Lt 3 Hixson Heights Revised Pb 23 Pg 107
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