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200 S Aster Avenue, Chattanooga, TN 37419

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For Sale
Sale Pending

$475,000

3,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $139.71
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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.
MLS# 1502283

Courtesy Of Keller Williams Realty

(423) 664-1600

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Deck, Dock, Porch
  • Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Tile, Vinyl
  • Heating System
    Central Furnace
  • Lot Size
    0.38 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 200 S Aster Avenue, Chattanooga, TN 37419

Home seller CENTURY 21 BELLORA

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 BELLORA

(706) 657-3000
Learn More About Us

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Copyright © 2024 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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