Courtesy of Compass RE.
Property Description
Amazing opportunity not seen in decades to buy a rare existing multi-family building housing 14 2 bed/1 bath units directly across from Belmont University, 1 block from Vanderbilt and on the corner of Wedgewood and Music Row! The building sits on a 0.56 acre (24,394 SF) lot and could be remodeled to produce luxury student housing to create long term cash flow. The zoning is Or20: Office/Residential (20 Units An Acre) and the underlying land use policy Code of DOC (District Office Concentration). Serious inquiries only please with proof of funds are required before a site visit and building access will be granted.
Property Details and Features
- Appliances & Equipment
- Description: “Refrigerator”
- Basement
- Description: “Other”
- Bathrooms
- Full Bathrooms: 14
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 28
- Main Level Bedrooms: 14
- Building
- Finished Area Above Grade: 10248
- Area: 12712
- Building Area: 12712
- Construction Materials: “Brick”
- Levels: “Three Or More”
- Stories: 2
- Year Built: 1945
- Year Built Details: EXIST
- Effective Year built: 1945
- Cooling
- Details: “Wall/Window Unit(s)”
- Floors
- Flooring: “Finished Wood”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Other”
- Listing
- Days on Market: 0
- Listing Price: 6750000
- Status: Active
- Location
- Address: 1626 16th Ave, S
- City: Nashville
- State: TN
- Zip: 37212
- County: Davidson County, TN
- Subdivision: O B Hayes Rokeby
- Directions: Take Rosa L Parks Blvd and 8th Ave S to Wedgewood Ave. Follow Wedgewood Ave to 16th Ave S. Destination will be on the right.
- Lot
- Acres: 0.56
- Size: 0.56
- Dimensions: 155 X 150
- Size Source: Assessor
- Size Units: Acres
- Parking
- Covered Spaces: 0
- Parking Total: 0
- Schools
- Elementary: Eakin Elementary
- Middle/Junior High: West End Middle School
- High School: Hillsboro Comp High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”