Duplex Package Deal in Hixson

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30415074
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Sale Price: $329,900
Unit Price: $82,475 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/28/2019

Overview / Comments

Investors, here's the deal you've been looking for! 506 & 508 Ely Rd can be purchased together for a package price of $329,900, and sit right next to each other in an excellent Hixson location. These all-brick duplexes have been well maintained and require minimal (if any) updates. Each unit features 2 bedrooms, 1.5 bathrooms and 1,125 sqft, an eat-in kitchen, living room, washer/dryer hookups, synthetic hardwood flooring, and off-street parking. Both of the properties have had their roofs replaced in the last 7 years. They are currently 100% occupied with a GMI of $2,955, but have rental upside. Situated in an easily rentable area, these duplexes are just minutes from Hixson shopping and dining as well as NorthShore and downtown Chattanooga. Call today for more information!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 109O D 007 & 109O D 008
Zoning: R-4
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1972
Legal Description: Lot 4 Coulters Resub Pb 27 Pg 144 & Lot 3 Coulters Resub Pb 27 Pg 144

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,857 41,090 97,544
Median Age: 39.72 38.07 39.97
Households: 3,509 18,499 41,896


Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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