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5217 Hickory Woods Lane, Hixson, TN 37343

$262,900
  • 5217 Hickory Woods Lane, Hixson, TN 37343 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET1,796 MLS#1532778
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHickory Woods Rev NEIGHBORHOODChattanooga

Property Description

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.

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.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Central Air, Electric
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 0.41 Acres
Taxes: $2,563
Year Built: 1970

Units

Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $716.00
Square Footage: 885
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1072.00
Square Footage: 885

Feature Descriptions

Common Amenities: None
Exterior: Other
Interior Amenities: Eat-in Kitchen
Lot: Level
Lot Dimensions: 152.88X118.4
Parcel #: 100o A 040
Parking: Off Street
Tenant Pays: Electricity, Gas, Other, Sewer, Water
Utilities: Electricity Connected, Sewer Connected, Water Connected

Local Schools

High School: Hixson High
Middle School: Hixson Middle
Elementary School: Hixson Elementary

Listed By / Shown By

Listed By

Agency Name: RealSmart
Agency Phone: 619-746-8378

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: CARMLS

Estimate Your Payment

Estimated Payment

$ 875.36 per month $585.10 Principal & Interest $213.58 Property Tax $76.68 Homeowner's Insurance

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