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3458 Lamar AVE Chattanooga, TN 37415
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Key Details
Sold Price $312,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $156
Subdivision Laurel Hgts
MLS Listing ID 1501268
Sold Date 12/03/24
Originating Board Greater Chattanooga REALTORS®
Year Built 1966
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 80X189
Property Description
This turnkey duplex at 3458 Lamar Avenue in Red Bank, TN, offers an excellent investment opportunity with immediate rental income and strong future potential. One side of the property is a 2-bedroom, 1-bath unit currently leased for $1,250 per month, providing consistent cash flow. The other side is a newly renovated 2-bedroom, 2-bath unit, currently vacant and ready to be rented at the market rate of $1,450 per month. With modern updates, this side is move-in ready and ideal for attracting quality tenants. Both units have separate entrances and separate off-street parking offering privacy and convenience. Located in the desirable Red Bank area, the property is close to downtown Chattanooga, parks, schools, and shopping. This well-maintained duplex is a great addition to any investment portfolio, with immediate returns and potential for increased rental income. Don't miss out on this opportunity—contact us today for more details or to schedule a private tour.
Location
State TN
County Hamilton
Area 0.34
Interior
Cooling Central Air, Electric
Fireplace No
Exterior
Parking Features Asphalt, Off Street
Garage Description Asphalt, Off Street
Garage No
Building
Faces Highway 27 N to Morrison Springs Road exit. First Right off of exit is Lamar Avenue. Stay on Lamar and continue through stop sign. 3458 is approx. .5 mile after stop sign.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Red Bank Elementary
Middle Schools Red Bank Middle
High Schools Red Bank High School
Others
Senior Community No
Tax ID 117d C 008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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