200 S Aster Avenue
Chattanooga, TN 37419
- – beds
- – baths
- 3,400 sqft
- ~1/2 acre lot
- $141 per sqft
- 1980 build
- – on site
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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.
Listing courtesy of CHTMLS / Keller Williams Realty
Last checked:
Checking…
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Last updated Nov 22, 2024
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MLS# 1502283 —
The Building
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Year Built:1980
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New Construction:false
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Builder Name:None
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Structure Type:Triplex
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Construction Materials:Fiber Cement, Vinyl Siding
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Stories:2
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Stories Total:None
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Roof:Asphalt, Shingle
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Basement:Finished, Full
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Basement:true
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Window Features:Insulated Windows
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Patio And Porch Features:Deck, Front Porch, Porch - Covered
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Security Features:Fire Alarm
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Building Area Total:3400.0
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Above Grade Finished Area:1700.0
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Below Grade Finished Area:1700.0
Interior
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Interior Features:Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Tub/shower Combo
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Furnished:None
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Flooring:Luxury Vinyl, Tile
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Fireplace:false
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Laundry Features:Laundry Closet
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Zoning Description:None
Room Dimensions
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Living Area:3400.0
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Living Area Units:None
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Living Area Source:Owner
Location
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Directions:West on I-24. Exit 175. Left on Browns Ferry. Right on Cummings Highway. Left on S Aster Ave.
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Latitude:35.016404
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Longitude:-85.370088
The Property
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Parcel Number:154j B 001.04
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Property Type:Residential Income
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Property Subtype:Triplex
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Property Condition:Updated/Remodeled
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Direction Faces:None
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Possible Use:None
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Lot Size Source:None
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View:false
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Lot Features:Back Yard, Cleared, Gentle Sloping
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Lot Size Dimensions:80X200
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Lot Size Acres:0.38
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Lot Size Area:0.38
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Lot Size SqFt:16552.8
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Zoning:None
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Lot Size Units:Acres
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Topography:None
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Pool Private:No
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Waterfront:false
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Road Frontage Type:City Street
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Road Responsibility:Public Maintained Road
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Road Surface Type:Concrete
Listing Agent
- Contact info:
- Agent phone:
- (423) 991-1543
- Office phone:
- (423) 664-1600
Taxes
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Tax Legal Description:LT 1 BLK 3 SEC NO 1 TIFTONIA WESTSI DE LAND CO ADDN PB11 PG6 OUT OF 154 J-B-1.1 FOR 1984
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Tax Annual Amount:2261.6
Baths
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Three Quarter Baths:None
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Quarter Baths:None
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Partial Baths:None
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:Central Air, Electric
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Cooling:true
Utilities
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Water Source:Public
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Sewer:Public Sewer
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Electric:None
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Green Energy Generation:None
Appliances
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Appliances:Water Heater, Refrigerator, Microwave, Free-Standing Electric Range, Dishwasher
Schools
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Elementary School:Lookout Valley Elementary
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Elementary School District:None
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Middle Or Junior School:Lookout Valley Middle
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Middle Or Junior School District:None
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High School:Lookout Valley High
The Community
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Subdivision Name:None
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Senior Community:false
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Spa:false
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Pool Features:None
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Pets Allowed:Yes
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Assigned, Off Street, Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/21/24
Nov 21, 2024
|
Sold | CHTMLS | $480,000 | 1.1% |
10/31/24
Oct 31, 2024
|
Pending | CHTMLS | $475,000 | |
10/25/24
Oct 25, 2024
|
Listed / Active | CHTMLS | $475,000 | 206.5% (62.1% / YR) |