200 S Aster Avenue, Chattanooga, TN 37419

$480,000
: 7
BD
: 4
BA
: 3,400
SqFt

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List Price: $480,000
Status: ACTIVE
MLS#: 1537891
Style: Ranch
Bedrooms: 7
Bathrooms: 4
Living Area: 3,400

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Property Description

This triplex is a solid investment with real numbers behind it. Previously bringing in $4,200/month with two units currently occupied on long-term leases, the property has been renovated and is ready to perform. All three units are self-contained with separate water and electric meters, which makes management straightforward and keeps utility responsibilities with the tenants where they belong. The bottom unit is currently vacant and ready for a new tenant, or a great house hack opportunity for a buyer who wants to live on site, collect rent from the two occupied units above, and let the tenants help cover the mortgage. Over the past few years the property has gone through a significant renovation. Each unit was updated with a new roof and gutters, Hardie siding on the front, HVAC systems, insulation and drywall in the basement, water heaters, interior doors, fresh paint, and LVP flooring throughout. Kitchens were redone with new cabinets, granite countertops, and stainless appliances, and bathrooms were updated with new tubs, tile surrounds, vanities, and toilets. Tucked into the west side of Chattanooga, the property is in a well-connected part of town with easy interstate access and some of the area's best known landmarks right down the road. It's the kind of location that stays in demand, close enough to the action without being in the middle of it. Strong income, turnkey condition, and a flexible vacancy. Contact the listing agent for information on owner finance options.

(423) 896-6000

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