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 Features
Bedrooms
- Bedrooms: 4
- Bedrooms On Basement Level: 1
- Bedrooms On Level 2: 2
- Bedrooms On Level 3: 1
- Bedroom 1 Dimensions: 14 x 13
- Bedroom 2 Dimensions: 14 x 10
- Bedroom 3 Dimensions: 12 x 14
- Bedroom 4 Dimensions: 14 x 13
- Bedroom 2 Description: Bath
- Bedroom 3 Description: Bath
- Bedroom 4 Description: Walk-In Closet
Interior Features
- Air Filter
- Ceiling Fan
- PNTRY
- SMTHR
- Walk-In Closets
- ENTRY
- Flooring: Finished Wood, Tile
Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Range Description: Drop-in
- Range Source: Gas
Kitchen and Dining
- Oven Description: Single Oven
- Oven Source: Gas
- Kitchen Description: Pantry
- Kitchen Dimensions: 13 x 11
Other Rooms
- Basement Features: Finished
- Game/Recreation Room Dimensions: 9 x 15
- Living Room Dimensions: 27 x 14
- Basement Description: Partial
- Game/Recreation Room Description: 3rd Floor
- Living Room Description: Combination
Bathrooms
- Full Bathrooms: 4
- 1/2 Bathrooms: 1
- Half Bathrooms On Main Level: 1
- Full Bathrooms On Basement Level: 1
- Full Bathrooms On Level 2: 2
- Full Bathrooms On Level 3: 1
- Primary Bathroom Features: Shower Only
- Primary Bathroom Description: Double Vanities
Exterior and Lot Features
- Garage Door Opener
- SMLK
- BALC
- Patio And Porch Features: Covered Patio, Covered Porch, Deck, Patio
Land Info
- Lot Size Acres: 0.02
- Lot Size Square Feet: 871
Garage and Parking
- Garage Spaces: 2
- Garage Description: Attached - REAR, PAVED
- Parking Features: Alley Access, Driveway, PAVED
Homeowners Association
- Association: Yes
- Association Fee: 130
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 130
School Information
- Elementary School: Waverly-Belmont Elementary School
- High School: Hillsboro Comp High School
- Middle School: John Trotwood Moore Middle
Other Property Info
- Annual Tax Amount: 9693
- Source Listing Status: Active
- County: Davidson County, TN
- 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.
- Source Property Type: Residential
- Area: Edge Hill
- Property Subtype: townhouse
- Source Neighborhood: Edge Hill
- Subdivision: Edge Hill
- Property Subtype: Townhouse Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2600
- Year Built: 2019
- Construction Materials: Frame, Hardboard
- Living Area Source: Prior Appraisal
- Property Age: 5
- Roof: Composition Shingle
- Levels or Stories: 4.00
- House Style: Contemporary
- Total Area Main: 796
- Total Below Grade Area: 379
- Year Built Details: Existing
Utilities
- Sewer: PUSEW
- Water Source: City Water
Home Features
- Energy Information: Tankless Water Heater
