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.
Sold for $312,500 on 12/03/24
$312,500
3458 Lamar Ave, Chattanooga, TN 37415
4beds
2,000sqft
Duplex
Built in 1966
-- sqft lot
$313,200 Zestimate®
$156/sqft
$1,897 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 10, 2024 at 07:25am
Listed by:
Trace Walker 423-598-1469,
Fletcher Bright Realty
Bought with:
Todd Henon, 280357
Keller Williams Realty
Source: Greater Chattanooga Realtors,MLS#: 1501268
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air, Electric
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Parking features: Asphalt, Off Street
Features
- Stories: 2
Lot
- Size: 0.34 Acres
- Dimensions: 80 x 189
Details
- Parcel number: 117d C 008
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chattanooga
- Subdivision: Laurel Hgts
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$313,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$313,200