Address
532 Weakley Ave, Nashville, TN
Price
$ 5,600,000
Property Attributes
  • MLS#2611976
  • TypeMulti-Family
  • CountyDAVIDSON
  • CityNashville
  • NeighborhoodMusic Row on the Cumberland
  • Zip37207
  • StyleMulti Family
  • Year Built2019
  • Taxes$ 5540
  • Price$ 5,600,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage11166
Data Source:
Listing courtesy of RealTracs MLS as distributed by MLS GRID
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.

Elementary School Middle School High School
Alex Green Elementary Haynes Middle Whites Creek High
Price History
1/23/2024 Listed $5,600,000

General Features

Sewer Public Sewer
Heating Central,Electric
Cooling Central Air,Electric
Utilities Electricity Available,Water Available
Possession Immediate
Zoning MUN - A
Garage Spaces 2
Construction Materials Fiber Cement,Wood Siding
Year Built 2019
Stories 3
Levels One
Gross Income 589953
OwnerPays Electricity,Gas,Water
County Davidson County,TN
Net Operating Income 342470
Operating Expense 247483
New Construction No
Property Type Residential Income
Attached Garage Yes
Subdivision Name Music Row on the Cumberland
Garage Y/N Yes
Status Active
Directions From Downtown - I-65N/I-24W to Trinity Lane exit. End of ramp turn left then left onto Brick Church Pike,right on fern and then left on Weakley. OR from Jefferson St,left on WBC then right on Weakley
High School Whites Creek High
City Nashville
View Y/N No
Total Units 6
Waterfront Y/N No
Carport Y/N No
Street Name Weakley Ave
Elementary School Alex Green Elementary
Property Attached Y/N Yes
Year Built Details EXIST
Tax Annual Amount 5540
Middle/Junior High School Haynes Middle
Days on Market 13
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 392000

Interior Features

Flooring Finished Wood,Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 11166
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Living Area Units Square Feet

Exterior Features

Parking Features Attached - Rear
Water Source Public
Total Parking 2
Inclusions APPLN,FURN
Building Area Total 11166
Lot Size Units Acres
Covered Spaces 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 37207

Price
AVG $3.22M
$5.6M
Taxes
AVG $5,308
$5,540
Visits
AVG 78
31
Data Provided by Inside Real Estate®
Year Built
AVG 2007
2019