Jefferson Flats provides a unique and attractive investment opportunity to acquire a renovated 12-unit short-term rental (STR) development that is commercially zoned in the booming Nashville market. There won't be another opportunity to buy a similar property at this price anytime soon. Distance from Downtown Nashville is 2 miles, making this a rare find for a Commercial/Multi-Family option. Property is zoned (CN) and eligible to be utilized as a Non-Owner Occupied Short Term Rental (NOO STR), Long Term Rental or possibly a Boutique Hotel development. Asking price is equivalent to $250k per 2 bedroom unit which is less than 1/2 of what a competing 2 bdrm NOO STR in Nashville sells for. Please see the attached OM for more information on the property and financials.
- Price:
- $3,000,000
- Square Footage:
- 7,330
- Acreage:
- 0.21
- Year Built:
- 1963
- Listing ID #:
- RTC2473555
- Street Address:
- 2607 Jefferson St
- City:
- Nashville
- State:
- Tennessee
- Postal Code:
- 37208
- County:
- Davidson
- Subdivision:
- Long & Ashworth
- Listing Status:
- Active
- Listing Type:
- Residential Income
9-12
879 students
14 student/teacher
- Approximate Total Liveable Area:
- 7330
- Construction Type:
- Brick
- Finished Above Ground Square Footage:
- 7330
- Flooring:
- Laminate, Tile
- Number Of Units:
- 12
- Square Footage Source:
- Assessor
- Stories:
- 2
- Stories:
- One
- Total Building Square Footage:
- 7330
- Year Built:
- 1963
- Year Built Description:
- Renov
- Gross Income:
- 1
- Operating Expense:
- 1
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Cn
- Days On Market:
- 20
- Included In Sale:
- Appln
- On Market Date:
- 2023-01-06
- Originating Mls:
- Realtrac
- Previous Listing Price:
- 3000000
- Property Taxes:
- $9,700
- Parking Description:
- Parking Lot
- Cooling System:
- Electric
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Heating:
- Electric
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Hive Nashville LLC
