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.
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0BEDS
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0.41ACRES
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0BATHS
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01/2 BATHS
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1,796SQFT
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$146$/SQFT
School Information
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 Hixson, TN 37343
Property Description
Architectural Style [] Attached Garage YN No Carport YN No Construction Materials Other Exterior Features [] Fencing [] Foundation Details [] Garage YN No Lot Features Level Other Structures [] Parking Features Off Street Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Structure Type Duplex View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances [] Basement Crawl Space Basement YN Yes Building Area Total 1796 Cooling Central AirElectric Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating CentralElectric Heating YN Yes Interior Features Eat-in Kitchen Laundry Features [] Levels One Window Features []
Association Amenities [] Association YN2 No Auction YN2 No Community Features None Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventionalFHAVA Loan New Construction YN No Other Equipment [] Property Sub Type Duplex Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Tax Annual Amount 2563.15 Utilities Electricity ConnectedSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public
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Listing courtesy of RealSmart: 619-746-8378.
