Courtesy of Benchmark Realty, LLC.
Property Description
Investors- Here’s your opportunity to own the rare 2BR/2BA unit in NOO SHORT-TERM RENTAL building, ILLUME. 1 BR units are for sale often, but only three 2BR units have sold in the last three years! Features: CORNER UNIT, secure building and parking garage access, courtyard pool/lounging area, grilling area, dog walk & fitness center. Prime location on the edge of downtown in Gulch View. Walking distance to all the Gulch hotspots, shopping, dining and about one mile from Broadway Ave entertainment. Sold fully furnished and turnkey, including all LG stainless steel kitchen appliances, washer, dryer, furnishings and stocking items. The purchase includes two deeded parkings spaces in the secure, gated parking garage. ILLUME units can be professionally managed by Vacasa, Grand Welcome, or an owner can self-manage. This unit grossed $125k in 2022 at 77% occupancy. The unit is in need of a design refresh, and focused professional or self-management to return to those 2022 numbers. List price reflects the value-add opportunities available with this investment.
Property Details and Features
- Appliances & Equipment
- Description: “Electric Oven”, “Electric Range”, “Cooktop”, “Dishwasher”, “Disposal”, “Dryer”, “Microwave”, “Refrigerator”, “Washer”
- Basement
- Description: “Other”
- Bathrooms
- Full Bathrooms: 2
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 2
- Main Level Bedrooms: 2
- Building
- Finished Area Above Grade: 1075
- Area: 1075
- Architecture: “Contemporary”
- Building Area: 1075
- Construction Materials: “Fiber Cement”, “Frame”
- Levels: “One”
- Stories: 4
- Year Built: 2019
- Year Built Details: EXIST
- Cooling
- Details: “Central Air”, “Electric”
- Exterior Features
- Features: “Balcony”
- Fireplaces
- Total Fireplaces: 0
- Floors
- Flooring: “Laminate”, “Tile”
- Garage
- Garage Spaces: 2
- Heating
- Heating: “Central”, “Electric”
- Home Owner’s Association
- Dues Frequency: Monthly
- Fee: 526
- Description: “Exterior Maintenance”, “Maintenance Grounds”, “Insurance”, “Recreation Facilities”, “Trash”
- Laundry
- Description: “Electric Dryer Hookup”, “Washer Hookup”
- Listing
- Days on Market: 75
- Listing Price: 629000
- Status: Active
- Location
- Address: 920 South St
- Unit: 301
- City: Nashville
- State: TN
- Zip: 37203
- County: Davidson County, TN
- Subdivision: Illume
- Directions: From I-65, exit Wedgewood Ave. and go West. Turn Right on 8th Ave S. Turn Left on South St. 920 South St. is ahead on the Right, where you can street park in front of the building.
- Lot
- Acres: 0.02
- Size: 0.02
- Size Source: Calculated from Plat
- Size Units: Acres
- Parking
- Covered Spaces: 2
- Parking Total: 2
- Pool
- Features: “In Ground”
- Private Pool
- Roof
- Description: “Membrane”
- 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”
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