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532 Weakley Ave

Nashville, TN 37207
  • $5,600,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: RTC2611976
UPDATED: 38 min ago
$5,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,166
    SQFT
  • $502
    $/SQFT
Type:
Multi-Family
Built:
2019
County:

School Information

Elementary School:
Middle School:
High School:

Description

Music Row on the Cumberland is the premier NOO STR development in Nashville. All 6 units (18beds/18baths) are being sold together as an investment package, not individually (includes 532, 534, 536, 538, 540, 542 Weakley Ave). Located in the middle of Nashville's core growth while also within 10 minutes of Oracle's new campus and River North, the asset provides liquid cash flow along with extreme long term appreciation. Each unit has been improved over the past year with exciting themes (Johnny Cash House, Taylor Swift House, Dolly House, etc) that have proven to increase occupancy significantly. Entire package conveys fully furnished. Based on 2023 Actuals (attached), units are currently on a 6.9% CAP.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Milam Group at Fridrich & Clark Realty, (615) 414-9069). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Milam Group at Fridrich & Clark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-02-24T07:06:58.627.

Based on information submitted to the MLS GRID as of 2024-02-24T07:06:58.627. All data is obtained from various sources and may not have been verified by 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.
Click here for MLS GRID DMCA Notice
www.themilamgroup.com/homes/146846732
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532 Weakley Ave Nashville, TN 37207

  • Price: $5,600,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 38 min ago
  • MLS #: RTC2611976
0
Beds
0
Baths
0
½ Baths
N/A
Acres
11,166
SQFT
$502
$/SQFT
2019
Built
Neighborhood:
Music Row On The Cumberland
County:
Davidson
Elementary School:
Alex Green Elementary
Middle School:
Haynes Middle
High School:
Whites Creek High
Property Description
Music Row on the Cumberland is the premier NOO STR development in Nashville. All 6 units (18beds/18baths) are being sold together as an investment package, not individually (includes 532, 534, 536, 538, 540, 542 Weakley Ave). Located in the middle of Nashville's core growth while also within 10 minutes of Oracle's new campus and River North, the asset provides liquid cash flow along with extreme long term appreciation. Each unit has been improved over the past year with exciting themes (Johnny Cash House, Taylor Swift House, Dolly House, etc) that have proven to increase occupancy significantly. Entire package conveys fully furnished. Based on 2023 Actuals (attached), units are currently on a 6.9% CAP.
Exterior Features

Attached Garage YN Yes Carport YN No Construction Materials Fiber CementWood Siding Covered Spaces 2 Garage YN Yes Levels One Parking Features Attached - Rear Parking Total 2 View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 11166 Cooling Central AirElectric Cooling YN Yes Fireplace YN No Flooring Finished WoodTile Heating CentralElectric Heating YN Yes

Property Features

Association YN No Building Area Total 11166 Gross Income 589953 Inclusions APPLNFURN Net Operating Income 342470 New Construction YN No Operating Expense 247483 Owner Pays ElectricityGasWater Pool Private YN No Property Attached YN Yes Sewer Public Sewer Special Listing Conditions Standard Stories 3 Tax Annual Amount 5540 Total Actual Rent 392000 Water Source Public Year Built Details EXIST Zoning MUN - A

Realtracs Solutions logo Offered by House Haven Realty: 6156049785. Copyright 2024 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Milam Group at Fridrich & Clark Realty, (615) 414-9069). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Milam Group at Fridrich & Clark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-02-24T07:06:58.627.

Based on information submitted to the MLS GRID as of 2024-02-24T07:06:58.627. All data is obtained from various sources and may not have been verified by 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.
Click here for MLS GRID DMCA Notice
 
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The Milam Group at Fridrich & Clark Realty
5200 Maryland Way, Ste.101
Brentwood TN, 37027