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.
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0BEDS
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0.38ACRES
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0BATHS
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01/2 BATHS
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3,400SQFT
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$140$/SQFT
School Information
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.
200 S Aster Avenue Chattanooga, TN 37419
Property Description
Architectural Style [] Attached Garage YN No Carport YN No Construction Materials Fiber CementVinyl Siding Exterior Features [] Fencing [] Foundation Details [] Garage YN No Lot Features Back YardClearedGentle Sloping Other Structures [] Parking Features AssignedOff StreetPaved Patio And Porch Features DeckFront PorchPorch - Covered Pool Features None Pool Features None Yes Roof AsphaltShingle Roof Asphalt Yes Roof Shingle Yes Spa YN No Structure Type Triplex View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Water HeaterRefrigeratorMicrowaveFree-Standing Electric RangeDishwasher Basement FinishedFull Basement YN Yes Building Area Total 3400 Cooling Central AirElectric Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring Luxury VinylTile Heating CentralElectric Heating YN Yes Interior Features Granite CountersHigh Speed InternetKitchen IslandOpen FloorplanTub/shower Combo Laundry Features Laundry Closet Levels [] Window Features Insulated Windows
Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms ConventionalFHAVA Loan New Construction YN No Other Equipment [] Property Sub Type Triplex Security Features Fire Alarm Senior Community YN No Sewer Public Sewer Special Listing Conditions [] Tax Annual Amount 2261.6 Utilities [] Water Source Public
Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Keller Williams Realty: 423-664-1600.