$302,500
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1,998 SqFt
SOLD DATE : 09/19/2024
Key Details
Sold Price $302,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,998 sqft
Price per Sqft $151
MLS Listing ID 1395432
Sold Date 09/19/24
Originating Board Greater Chattanooga REALTORS®
Year Built 1969
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 110X140.6
Property Description
Attention investors! Don't miss out on this investment opportunity in Hixson, Tennessee. This duplex currently has a gross monthly rent of $2320. Unit A was recently rented at $1175 and unit B rented at $1145. There is potential to increase gross monthly rents to $2660+ since the 2024 HUD Small Area Fair Market Rents are $1,330 for a 2 bedroom unit in 37343. The property is professionally managed by a property management firm. Showing allowed on vacant Unit A only.
The property can be a great opportunity for both investors and owner occupants. For a home buyer intending on living on one side we have options for 0-5% down with VA, FHA, or conventional financing.
Offers will need a contingency to view Unit B within the due diligence/inspection period. Please do not disturb tenants.
Location
State TN
County Hamilton
Area 0.36
Rooms
Basement Crawl Space
Interior
Interior Features Open Floorplan
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Heat Source Central, Electric
Exterior
Garage Kitchen Level
Garage Description Kitchen Level
Community Features None
Utilities Available Sewer Connected
Roof Type Shingle
Garage No
Building
Lot Description Level
Faces North HWY 153, Left onto Gadd Rd, Left onto Norcross Rd
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 099m H 025
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Investor
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Agent | License ID: TN 338923 / GA 374620