4460 & 4500 Norcross Rd

Multi-Family
Pending

4460 & 4500 Norcross Rd, HixsonTN 37343

Property Details

Location

Address
4460 & 4500 Norcross Rd, HixsonTN 37343
County
Hamilton
Submarket
Parcels
033109E L 02800P000

Building Size

Building Size
Rentable Space
3,196 SF

Building Details

Type
 Multi-Family  
 Pending
Number of Buildings
2
Number of Units
4
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
1
Year Built
1963
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.49 Acres
Land (SF)
21,344 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R-2
Lot Depth
Lot Width

Contacts

Current Listings

2 Duplex Package Deal in Hixson with Immediate Cash Flow

3,196 SF$525,000

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.

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.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Greater Chattanooga REALTORS®

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