NOT LISTED FOR SALE

Estimated Value: $269,795 - $333,000

Studio
2 Baths
1,598 Sq Ft
$184/Sq Ft Est. Value

Sale Details

Date Sold: June 3, 2022

Last sale price $260,000 $163 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,734 / mo

16 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Living Room
  • Gentle Sloping Lot

About This Home

As of June 2022

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.

Last Agent to Sell the Property

Grace Frank

Chattanooga Real Estate Group LLC Listed on: 03/25/2022

Last Buyer's Agent

Preston Putnam

The Agency Chattanooga License #346529

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,646

Year Built

  • Built in 1963

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 83x140.1
  • Gentle Sloping Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,598 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Schools

  • Dupont Elementary School
  • Hixson Middle School
  • Hixson High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 109e L 029

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Hixson Hgts Subdivision

Building Details

  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,646

Year Built

Built in 1963

Lot Details

0.25 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 83X140.1
  • Subdivision Name: Hixson Hgts
  • Directions: 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.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1598.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1963
  • Location Tax and Legal Parcel Number2: 109e L 029
  • Location Tax and Legal Elementary School: DuPont Elementary
  • Location Tax and Legal High School: Hixson High
  • Location Tax and Legal:Tax Annual Amount: 1645.77
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Dimensions: 83X140.1
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: 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.
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Hixson Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Sloped: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: DuPont Elementary
  • High School: Hixson High
  • Middle Or Junior School: Hixson Middle

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 109e L 029
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0

Tax Info

  • Tax Annual Amount: 1645.77

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2005
Sold by
Bought by
Current Estimated Value
$294,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,687
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$86,250 Legal Title
-- Legal Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $195,000
Closed $64,687
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $260,000 -53.4% $163 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $558,000 -- $349 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,397 $92,160 $0 $0
2024 $1,128 $50,400 $0 $0
2023 $1,128 $50,400 $0 $0
2022 $1,128 $50,400 $0 $0
2021 $1,128 $50,400 $0 $0
2020 $903 $32,640 $0 $0
2019 $903 $32,640 $0 $0
2018 $870 $32,640 $0 $0
2017 $903 $32,640 $0 $0
2016 $866 $0 $0 $0
2015 $1,704 $31,320 $0 $0
2014 $1,704 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1352133

Greater Chattanooga REALTORS®

APN: 109E-L-029

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