Courtesy of Parks Compass.
Property Description
Welcome to this thoughtfully designed, commercially-zoned and successfully operating non-owner occupied short-term rental opportunity. This purpose-built property is crafted for maximum profitability, featuring durable yet stylish finishes, and an ideal location in the heart of one of Nashville’s fastest-growing neighborhoods. The Nations/Charlotte Ave area is booming with new developments, including a new Publix, Toll Brothers, LIV Development, CA South, and more just minutes away. 8 minutes by Uber to Broadway and 5 minutes to Midtown, this prime location attracts both short-term renters and long-term investors. Located in an Opportunity Zone and zoned OR20, this property is a fantastic 1031 Exchange opportunity and may qualify for accelerated depreciation in the first year of ownership. With 7 other successful STR properties in the area from the same owner listed on AirBNB and VRBO, this property is poised for success. Detailed pro formas are available upon request—don’t miss out on this incredible investment opportunity! Fully furnished and operating–seller is willing to help buyer with NOO STR permitting process to minimize downtime after closing. If buyer keeps property with current management, Airbnb/VRBO reviews and ratings will stay. Can be sold as a package including any of the following: 4024 Delaware Ave, 4026 Delaware Ave, 4005A&B Indiana Ave, 4007B Indiana Ave, 4009B Indiana Ave, 600A&B 41st Ave N, 606A&B 41st Ave N. (NOO STR Airbnb/VRBO)
Property Details and Features
- Appliances & Equipment
- Description: “Dishwasher”, “Disposal”, “Dryer”, “Microwave”, “Refrigerator”, “Washer”
- Basement
- Description: “Crawl Space”
- Bathrooms
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bedrooms
- Total Bathrooms: 3
- Main Level Bedrooms: 1
- Building
- Finished Area Above Grade: 1557
- Area: 1557
- Building Area: 1557
- Construction Materials: “Hardboard Siding”
- Levels: “Two”
- Stories: 2
- Year Built: 2020
- Year Built Details: EXIST
- Cooling
- Details: “Central Air”
- Exterior Features
- Features: “Balcony”
- Fence
- Description: “Full”
- Floors
- Flooring: “Finished Wood”, “Tile”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Central”
- Listing
- Days on Market: 4
- Listing Price: 650000
- Status: Active
- Location
- Address: 4007B Indiana Ave
- City: Nashville
- State: TN
- Zip: 37209
- County: Davidson County, TN
- Subdivision: 4007 Indiana Ave Residences
- Directions: North on 40th Ave N from Charlotte, left on Indiana, house is on left.
- Lot
- Acres: 0.02
- Size: 0.02
- Size Source: Calculated from Plat
- Size Units: Acres
- Parking
- Covered Spaces: 0
- Parking Total: 2
- Schools
- Elementary: Cockrill Elementary
- Middle/Junior High: Moses McKissack Middle
- High School: Pearl Cohn Magnet High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
- Utilities: “Water Available”
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