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”