200 Aster AVE Sold Save Request In-Person Tour Request Virtual Tour
Chattanooga,TN 37419
Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $141
MLS Listing ID 1502283
Year Built 1980
Lot Size 0.380 Acres
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.
This triplex is an exceptional investment opportunity, combining strong rental income with the potential for personal use. Don't miss out on this chance to own a piece of Chattanooga's thriving rental market! Contact us today to schedule a viewing and explore the potential of this remarkable property.
Location
State TN
County Hamilton
Area 0.38
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Luxury Vinyl,Tile
Laundry Laundry Closet
Exterior
Garage Assigned,Off Street,Paved
Garage Description Assigned, Off Street, Paved
Pool None
Roof Type Asphalt,Shingle
Building
Lot Description Back Yard,Cleared,Gentle Sloping
Sewer Public Sewer
Water Public
Structure Type Fiber Cement,Vinyl Siding
Schools
Elementary Schools Lookout Valley Elementary
Middle Schools Lookout Valley Middle
High Schools Lookout Valley High
Others
Acceptable Financing Conventional,FHA,VA Loan
Listing Terms Conventional,FHA,VA Loan
Pets Description Yes