2,104 SqFt
2,104 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,104 sqft
Price per Sqft $2,970
Subdivision 824 Watts Lane Townhomes
MLS Listing ID 3525628
HOA Fees $200/mo
HOA Y/N Yes
Year Built 2024
Annual Tax Amount $4,796
Property Description
Current rents are predominantly $3,650/month, with only one lease receiving a one-month concession and lease terms extending into 2027 and 2028. The portfolio represents an average acquisition basis of $625,000 per residence and includes 10 of the community's 16 homes, providing the purchaser with concentrated ownership.
Each residence features 3 bedrooms and 3 full bathrooms across approximately 2,080–2,402 square feet, with an attached two-car garage, rooftop deck, private balcony and elevated modern finishes.
One residence remains available for lease, while an additional residence is currently leased month-to-month at $3,000, providing flexibility and potential upside within the existing rent roll.
An attractive option for an investor looking to deploy capital, complete a 1031 exchange, or add multiple Nashville doors through a single acquisition rather than assembling and leasing a scattered portfolio property by property.
Conveniently located in West Nashville with access to downtown, the hospital district, shopping, dining and major employment centers.
Full Offering Memorandum, rent roll and individual lease information available upon request. Buyer and buyer's agent to independently verify all financial information, leases, HOA documents, expenses and investment assumptions.
Location
State TN
County Davidson County
Zoning RM-15 Mult
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Wood
Fireplace N
Exterior
Garage Spaces 2.0
Utilities Available Water Available
Amenities Available Dog Park, Sidewalks
View Y/N false
Private Pool false
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools Charlotte Park Elementary
Middle Schools H. G. Hill Middle
High Schools James Lawson High School
Others
Senior Community false
Special Listing Condition Standard
Nearby Locations