Take advantage of bonus depreciation with this non-owner occupant short-term rental (NOO STR) eligible condo which is conveniently located just off 8th Avenue, offering easy access to a diverse selection of restaurants and shops. Walkable to 12 South, eateries and hot spots on 8th Avenue Melrose area. It's a short drive to popular Nashville hotspots such as Broadway, the Gulch, Geodis Park, Vanderbilt, Belmont, Green Hills and the airport. Modern convenience harmonizes with retro charm in this prime location under Berry Hill, offering benefits with fewer restrictions compared to Nashville for permitting. With occupancy rates ranging from 65% to 80%, this property holds the potential to generate in excess of $40, 000 in income. Renovated, this unit presents a smart investment opportunity, combining style and functionality. It comes furnished, making it ready for rental, ideal for a part-time resident in Nashville, travel nurses or a college student. The property features a swimming pool and a community patio, perfect for relaxing after a day of exploring the vibrant local attractions. Parking is hassle-free with an on-site parking lot located just steps from the front door, and you can enjoy views of the pool and patio. Take advantage of this opportunity to invest in a property that promises both comfort and a lucrative return.
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms On Main Level: 1
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Redecorated
- Flooring: Tile, Vinyl
Appliances
- Dishwasher
- Microwave
- Refrigerator
- Electric Oven
- Electric Range
Other Rooms
- Basement Features: Crawl Space
- Living Room Dimensions: 18 x 12
- Basement Description: Crawl Space
Heating and Cooling
- Cooling Features: Wall/Window Unit(s)
- Heating Features: Electric
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 12 x 10
Exterior and Lot Features
- Patio
- Patio And Porch Features: Patio
Land Info
- Lot Size Acres: 0.01
- Lot Size Square Feet: 435
Garage and Parking
- Garage Description: Parking Lot
- Open Parking Spaces: 40
- Parking Features: Parking Lot
- Parking Total: 40
Homeowners Association
- Association: Yes
- Association Fee: 210
- Association Fee Frequency: Monthly
- Association Fee Includes: Maintenance Grounds, Insurance, Recreation Facilities, Trash
- Calculated Total Monthly Association Fees: 210
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: 1396
- Source Listing Status: Active
- County: Davidson County, TN
- Directions: From downtown- I-65 S, Exit Wedgewood, take a right. Left on 8th Ave S. Right on Hillview Heights- Studio I Lofts on your left!
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Studio 1 Lofts
- Parcel Number: 105140I00100CO
- Subdivision: Studio 1 Lofts
- Property Subtype: Flat Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 418
- Year Built: 1955
- Above Grade Finished Area: 418
- Building Area Source: Assessor
- Building Area Total: 418
- Building Exterior Type: Brick
- Construction Materials: Brick
- Foundation Details: Block
- Levels: One
- Property Age: 70
- Property Attached: Yes
- Roof: Asphalt
- Levels or Stories: 1
- Total Above Grade Sqft Area: 418
- Total Area Sqft: 418
- Year Built Details: Renovated
Accessibility Features
- Accessibility Features: Accessible Entrance
Utilities
- Sewer: Public Sewer
- Electricity Available
- Water Available
- Water Source: Public