Price: $1,099,000
Beds: 4
Baths: 4 full, 1 half
Living Area SqFt: 2,600
Status: Active
Property Type: Townhouse
Lot Size Acres: 0.02
Lot Size SqFt: 871
Year Built: 2019
Neighborhood: Edge Hill
Days on Website: 148

Courtesy of Compass RE.

Property Description

AMAZING Non-Owner Occupied Short Term Rental INVESTMENT OPPORTUNITY! Within a 7 minute straight-shot drive into Downtown Nashville, this unit is Designer Furnished and ready for continued Cash Flow. NOO Permit is in an LLC, and the townhome sits on a commercially zoned lot. Private rooftop decks, 2 car garage, fully turnkey & designed for optimal clickability & memorability with wallpaper, neon signs, etc. Current guests rave about the location, cheap Ubers, fun aesthetic, & ample space for groups of 12 to spread out. Within 10 mins of Broadway, 12 South, the Gulch, Vandy/Belmont, and only 15 mins from the Airport. Would be a great opportunity for those looking to make 1031 / tax purchases. Quickly appreciating asset with room for revenue growth. Will gain value over time as inventory drops and new permit limitations roll out. See attached Proformas. *There are 12 NOO STR units in all. Seller looking to diversify, & would consider selling all 12 units or groupings of units.

Property Details and Features

  • Appliances & Equipment
  • Description: “Dishwasher”, “Disposal”, “Dryer”, “Microwave”, “Refrigerator”, “Washer”
  • Basement
  • Description: “Finished”
  • Bathrooms
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bedrooms
  • Total Bathrooms: 4
  • Main Level Bedrooms: 0
  • Building
  • Finished Area Above Grade: 2221
  • Area: 2600
  • Architecture: “Contemporary”
  • Building Area: 2600
  • Construction Materials: “Frame”, “Hardboard Siding”
  • Levels: “Three Or More”
  • Stories: 4
  • Year Built: 2019
  • Year Built Details: EXIST
  • Effective Year built: 2019
  • Cooling
  • Details: “Central Air”, “Electric”
  • Exterior Features
  • Features: “Garage Door Opener”, “Smart Lock(s)”, “Balcony”
  • Patio Features: “Covered Patio”, “Covered Porch”, “Deck”, “Patio”
  • Floors
  • Flooring: “Finished Wood”, “Tile”
  • Garage
  • Garage Spaces: 2
  • Heating
  • Heating: “Central”, “Natural Gas”
  • Home Owner’s Association
  • Dues Frequency: Monthly
  • Fee: 130
  • Description: “Maintenance Grounds”, “Pest Control”, “Trash”
  • Listing
  • Days on Market: 24
  • Listing Price: 1099000
  • Status: Active
  • Location
  • Address: 1708 8th Ave, S
  • City: Nashville
  • State: TN
  • Zip: 37203
  • County: Davidson County, TN
  • Subdivision: Edge Hill
  • Directions: From downtown Nashville: South on 8th Ave S. Townhomes will be on your left on E Argyle Ave, after Reservoir Park. From I-65: Exit to Wedgewood Ave heading West. Turn right onto 8th Ave S. Drive until E Argyle Avenue. Complex will be on your right.
  • Lot
  • Features: “Sloped”
  • Acres: 0.02
  • Size: 0.02
  • Size Source: Calculated from Plat
  • Size Units: Acres
  • Parking
  • Covered Spaces: 2
  • Parking Total: 2
  • Roof
  • Description: “Shingle”
  • Schools
  • Elementary: Waverly-Belmont Elementary School
  • Middle/Junior High: John Trotwood Moore Middle
  • High School: Hillsboro Comp High School
  • Utilities
  • Sewer: “Public Sewer”
  • Water Source: “Public”
  • Utilities: “Electricity Available”, “Water Available”, “Cable Connected”

Property Map

$1,099,000 – 1708 8th Ave S, Nashville, TN 37203

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