Chattanooga, TN 37415,3458 Lamar AVE
Chattanooga, TN 37415,3458 Lamar AVE
Chattanooga, TN 37415,3458 Lamar AVE
17
$312,500
$329,000
5.0%
Est.Price: ?

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2,000 SqFt

3458 Lamar AVE Chattanooga, TN 37415

Est. payment /mo
SOLD DATE : 12/03/2024

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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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Listed by Fletcher Bright Realty

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agent

Erik Chapman

Agent | License ID: 371804

+1(423) 342-4898

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