Description
Experience the ultimate in flexibility and potential with this unique property, offering a rare opportunity for house hacking and investment. Situated on a spacious lot, the main home boasts 1,516 square feet of living space with three bedrooms and two bathrooms. The full, unfinished basement presents a canvas awaiting your personal touch, already plumbed and framed, ready for expansion or customization. Attached to the main residence is an Accessory Dwelling Unit (ADU) that has previously been rented for $700 per month, providing a steady income stream or ideal space for extended family. Additionally, a separate single-wide unit on the property has consistently fetched $750 per month in rental income. Both units offer private living spaces, perfect for tenants or as guest accommodations. Further enhancing the property's appeal is a separate storage trailer, offering additional space for tools, equipment, or conversion into a creative studio. This property is perfect for someone looking to live in one unit while offsetting living expenses with rental income from the others, or for an investor seeking a multifaceted rental property. Don't miss out on this exceptional opportunity to maximize your investment while enjoying the benefits of homeownership.
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3BEDS
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0.78ACRES
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2BATHS
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01/2 BATHS
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1,516SQFT
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$198$/SQFT
School Information
Description
Experience the ultimate in flexibility and potential with this unique property, offering a rare opportunity for house hacking and investment. Situated on a spacious lot, the main home boasts 1,516 square feet of living space with three bedrooms and two bathrooms. The full, unfinished basement presents a canvas awaiting your personal touch, already plumbed and framed, ready for expansion or customization. Attached to the main residence is an Accessory Dwelling Unit (ADU) that has previously been rented for $700 per month, providing a steady income stream or ideal space for extended family. Additionally, a separate single-wide unit on the property has consistently fetched $750 per month in rental income. Both units offer private living spaces, perfect for tenants or as guest accommodations. Further enhancing the property's appeal is a separate storage trailer, offering additional space for tools, equipment, or conversion into a creative studio. This property is perfect for someone looking to live in one unit while offsetting living expenses with rental income from the others, or for an investor seeking a multifaceted rental property. Don't miss out on this exceptional opportunity to maximize your investment while enjoying the benefits of homeownership.
5864 Grubb Road Hixson, TN 37343
Property Description
Architectural Style [] Carport YN Yes Construction Materials Other Exterior Features None Fencing [] Foundation Details Block Garage YN No Lot Features [] Other Structures [] Parking Features [] Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Structure Type Free Standing Building View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Electric Water Heater Basement Partial Basement YN Yes Building Area Total 1516 Cooling Central AirElectricWindow Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating CentralElectric Heating YN Yes Interior Features Separate Dining RoomTub/shower Combo Laundry Features Electric Dryer HookupGas Dryer HookupWasher Hookup Levels [] Window Features []
Additional Parcels YN No Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Grazing Permits BLMYN No Grazing Permits Private YN No Green Energy Efficient [] Green Energy Generation [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Single Family Residence Security Features Smoke Detector(s) Senior Community YN No Sewer Septic Tank Special Listing Conditions Trust Structure Type Free Standing Building Yes Tax Annual Amount 1765.75 Utilities Electricity Available Water Source Public
Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Keller Williams Realty: 423-664-1900.
