$260,000
$525,000
50.5%For more information regarding the value of a property, please contact us for a free consultation.
4500 Norcross RD Hixson, TN 37343
1,598 SqFt
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,598 sqft
Price per Sqft $162
Subdivision Hixson Hgts
MLS Listing ID 1352133
Sold Date 06/03/22
Originating Board Greater Chattanooga REALTORS®
Year Built 1963
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 83X140.1
Property Description
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.
Location
State TN
County Hamilton
Area 0.25
Rooms
Basement Crawl Space
Interior
Interior Features Eat-in Kitchen
Heating Central
Cooling Central Air
Fireplace No
Heat Source Central
Exterior
Parking Features Off Street
Garage Description Off Street
Utilities Available Cable Available, Sewer Connected
Roof Type Shingle
Garage No
Building
Lot Description Gentle Sloping, Sloped
Faces Heading N on Barton Ave from downtown Chattanooga, continue onto Hixson Pike. Turn Left onto Norcross Rd. The property is on the Right, just past the intersection with Cloverdale Dr.
Story One
Water Public
Structure Type Brick
Schools
Elementary Schools Dupont Elementary
Middle Schools Hixson Middle
High Schools Hixson High
Others
Senior Community No
Tax ID 109e L 029
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
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