
Well-maintained duplex located in the desirable Hixson submarket, offering a strong combination of in-place income and future upside. Each side features a 2-bedroom, 1-bath layout with functional floor plans that appeal to long-term tenants. The property was updated approximately 8 years ago, providing a solid foundation for continued performance with the opportunity for additional value-add improvements over time.Unit 1 is currently leased at $716/month on a month-to-month basis, while Unit 2 is leased at $1,072/month, also month-to-month--providing flexibility for an investor to adjust rents toward market levels or occupy one side if desired. The variance in rents presents a clear path to increased cash flow.Situated in a stable residential area with convenient access to Hixson amenities, retail, and major thoroughfares, this property is well-positioned for both tenant retention and rental growth. Ideal for investors seeking a straightforward, income-producing asset with upside potential in a proven rental market.
Listed By
Agency Name: RealSmart
Agency Phone: 619-746-8378
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 875.36 per month $585.10 Principal & Interest $213.58 Property Tax $76.68 Homeowner's Insurance
5217 Hickory Woods Lane | MLS# 1532778
This multi-family property located at 5217 Hickory Woods Lane, Hixson, TN 37343 is currently listed for sale with an asking price of $262,900. Search Chattanooga real estate on www.clcommercialrealestate.com today.