Thank you
Taylor King
Compass RE
615-475-5616
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.
Total Bedroom: 4
Total Baths: 5
Full Baths: 4
Half Baths: 1
Air Filter, Ceiling Fan(s), Pantry, Smart Thermostat, Walk-In Closet(s), Entry Foyer, High Speed Internet
Roof : Shingle
Appliances : Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Shingle
Flooring : Finished Wood, Tile
Construction Materials : Frame, Hardboard Siding
Heating: Central, Natural Gas
Has Heating: Yes
Cooling: Central Air, Electric
Has Cooling: Yes
WaterSource: Public
Year Built: 2019
Garage Door Opener, Smart Lock(s), Balcony
Construction Materials: Frame, Hardboard Siding
Lot Description: Sloped
Lot Size Area: 0.02
Lot Acres: 0.02
Property Type: Residential
Sub Type: Townhouse
Style: Contemporary
Original List Price: $1100000
Annual Tax: $9693
Parcel Number: 105100N00200CO
Total Parking: 2
Attached - Rear, Alley Access, Driveway, Paved
Has Garage: Yes
Garage Space: 2
Included Fees: Maintenance Grounds, Pest Control, Trash
HOA : $130 Monthly
Elementary School: Waverly-Belmont Elementary School
Junior High School: John Trotwood Moore Middle
Senior High School: Hillsboro Comp High School
Electricity Available, Water Available, Cable Connected
Sewer: Public Sewer
Water Source: Public
Subdivision: Edge Hill
City: Nashville
Direction: 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.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
321 31st Ave #113, Nashville, TN,37203 | $1,172,490 | 2 | 2 | 1,237 | -- |
3314 West End Ave #405, Nashville, TN,37203 | $329,900 | 1 | 1 | 798 | -- |
1052 Archer St, Nashville, TN,37203 | $1,768,000 | 4 | 4 | 3,342 | 0.03 Acre |
1010 Southside Ave, Nashville, TN,37203 | $1,738,000 | 4 | 4 | 3,046 | 0.03 Acre |
725 14th Ave #B, Nashville, TN,37203 | $1,790,000 | 5 | 4 | 3,387 | 0.04 Acre |
1439 11th Ave, Nashville, TN,37203 | $949,900 | 4 | 4 | 2,344 | 0.02 Acre |
600 12th Ave #1914, Nashville, TN,37203 | $575,000 | 1 | 1 | 824 | 0.01 Acre |
303 31st Ave #216, Nashville, TN,37203 | $724,900 | 2 | 2 | 857 | 0.02 Acre |
639 7th Ave, Nashville, TN,37203 | $1,450,000 | -- | -- | -- | 0.06 Acre |
542 Southgate Ave #302, Nashville, TN,37203 | $599,000 | 2 | 2 | 1,301 | 0.25 Acre |
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Based on information submitted to the MLS GRID as of 05/20/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/20/2024 @ 18:20
MLS: REALTRAC #2599393
LISTED BY: Taylor King, Compass RE
SOURCE: REALTRAC (RT RealTracs)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.