UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $141
MLS Listing ID 1537891
Style Ranch
Bedrooms 7
Year Built 1980
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 80X200
Property Sub-Type Triplex
Source Greater Chattanooga REALTORS®
Property Description
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.
Location
State TN
County Hamilton
Area 0.38
Rooms
Basement Finished, Full
Interior
Interior Features Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Tub/shower Combo
Heating Central, Electric
Cooling Central Air, Electric
Flooring Luxury Vinyl, Tile
Fireplace No
Window Features Insulated Windows,Vinyl Frames
Appliance Water Heater, Refrigerator, Microwave, Free-Standing Electric Range, Dishwasher
Heat Source Central, Electric
Laundry Laundry Closet
Exterior
Exterior Feature Rain Gutters, Storage
Parking Features Driveway, Off Street, Paved
Garage Description Driveway, Off Street, Paved
Pool None
Utilities Available Cable Available, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Roof Type Asphalt,Shingle
Porch Deck, Front Porch, Porch - Covered
Garage No
Building
Lot Description Back Yard, Cleared, Gentle Sloping
Faces From downtown Chattanooga, take I-24 W toward Nashville/Birmingham (4.2 mi). Take Exit 175 for Browns Ferry Rd toward Lookout Mountain (0.2 mi). Turn right onto Browns Ferry Rd (0.2 mi), then turn left onto US-11 S/US-41 S/US-64 W/Cummings Hwy (1.0 mi). Turn left onto Aster Ave (0.1 mi), and continue onto S Aster Ave. The destination is on your right. (Approx. 5.7 miles total)
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type HardiPlank Type
Schools
Elementary Schools Lookout Valley Elementary
Middle Schools Lookout Valley Middle
High Schools Lookout Valley High
Others
Senior Community No
Tax ID 154j B 001.04
Security Features Fire Alarm
Acceptable Financing Cash, Conventional, FHA, VA Loan, Owner May Carry
Listing Terms Cash, Conventional, FHA, VA Loan, Owner May Carry
Special Listing Condition Investor
Nearby Locations
GET MORE INFORMATION
Megan Summers, ABR,SRS,RENE
Realtor/ Advisor | License ID: GA# 421748 TN# 365726
Realtor/ Advisor License ID: GA# 421748 TN# 365726