Chattanooga, TN 37419,200 S Aster Avenue
Chattanooga, TN 37419,200 S Aster Avenue
Chattanooga, TN 37419,200 S Aster Avenue
Chattanooga, TN 37419,200 S Aster Avenue
Chattanooga, TN 37419,200 S Aster Avenue
Chattanooga, TN 37419,200 S Aster Avenue
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Listed by Stevie S Rifenberick • Greater Chattanooga Realty, Keller Williams Realty

$480,000

$475,000

1.1%
Est.Price: ?

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Est. payment /mo

3,400 SqFt


SOLD DATE : 11/21/2024

Key Details

Sold Price $480,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $141

MLS Listing ID 2762668

Sold Date 11/21/24

HOA Y/N No

Year Built 1980

Annual Tax Amount $2,262

Lot Dimensions 80X200

Property Description

Investment Opportunity: Fully Renovated Triplex in Chattanooga! Listing Price: $475,000 Current Monthly Income: $3,900 Potential Monthly Income (Section 8): $4,800 Discover a fantastic investment opportunity with this meticulously renovated triplex located at 200 S Aster Ave, Chattanooga, TN 37419. This property boasts three fully self-contained units, each with its own water and electric meters, ensuring optimal management and tenant independence. Property Highlights: Strong Rental Income: Currently generating $3,900 per month with the potential to reach $4,800 per month under Section 8. Vacant Unit Ready for Owner Occupancy or New Tenant: The top left unit has just become vacant. The seller has a tenant lined up but is willing to wait a week for a buyer interested in living in the unit. Extensive Renovations: Each unit has been thoughtfully updated with: New roof and gutters New Hardie siding on the front New HVAC systems (including new insulation and drywall in the basement) New water heaters All new interior doors, lighting, and fresh paint Modern LVP flooring throughout Stylish kitchen upgrades: new cabinets, granite countertops, and stainless appliances Updated bathrooms featuring new bathtubs with tile surround, vanities, and toilets Local Attractions: Lookout Mountain: Just minutes away, this iconic destination offers breathtaking views, hiking trails, and attractions like Rock City and Ruby Falls. Chattanooga Riverwalk: Enjoy scenic walks, biking, and outdoor activities along the Tennessee River. Downtown Chattanooga: Experience vibrant dining, shopping, and entertainment options, including the Tennessee Aquarium and the Creative Discovery Museum. Ruby Falls and Incline Railway: Explore these popular attractions that draw tourists year-round, enhancing the appeal of the area. Proximity to I-24: Quick access to major highways makes commuting to nearby cities and attractions convenient.

Location

State TN

County Hamilton County

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile, Other

Fireplace N

Exterior

Utilities Available Electricity Available, Water Available

Waterfront false

View Y/N false

Roof Type Asphalt

Private Pool false

Building

Sewer Public Sewer

Water Public

Structure Type Fiber Cement,Vinyl Siding

New Construction false

Schools

Elementary Schools Lookout Valley Elementary School

Middle Schools Lookout Valley Middle / High School

High Schools Lookout Valley Middle / High School

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