518 Weakley Ave, Nashville, TN 37207
- $2,895,000
- 10,728
- SqFt
- List Price
- $2,895,000
- MLS#
- 3601853
- Days on Market
- 1
- Property Type
- Multifamily
- Sqft. of Residence
- 10,728
- County
- Davidson County
- Status
- ACTIVE
Property Description
RARE TURNKEY NASHVILLE STR PORTFOLIO — 4 HPRs | 8 RENTAL CONFIGURATIONS | 4 ACTIVE GRANDFATHERED NOO STR PERMITS. Exceptional opportunity to acquire 516, 518, 520 & 522 Weakley Ave as one fully furnished, income-producing portfolio just minutes from Downtown Nashville, Germantown, River North, Oracle/East Bank and Topgolf. Each three-story residence offers approximately 2,600 SF with 4 bedrooms, 4 full baths, private garage and rooftop deck. Unique floor plans include a separately accessed first-floor 1BR/1BA suite, allowing each HPR to operate as a full 4BR residence or as a 3BR/3BA main residence plus separate 1BR/1BA suite — providing up to 8 distinct rental configurations across the portfolio. Properties are currently operated as a combination of short-term and mid-term rentals and produced approximately $300,000 in gross rental revenue over the seller’s trailing 12-month period. Portfolio is fully furnished and ready for continued operation. Existing property-owning LLC holds four active non-owner-occupied STR permits grandfathered in RM20 zoning. Third-party professional management revenue projections are available upon request. Rare combination of real estate, operating income, STR permit scarcity and multiple rental strategies in one Nashville investment. Contact listing broker for financials, permit documentation, revenue projections and portfolio details.
Additional Information
- Construction Type
- Other
- Cooling System
- Electric, Central Air
- Elementary School
- Alex Green Elementary
- Floor Types
- Wood, Tile
- Garage Capacity
- 4
- Garage Description
- Garage Faces Front
- Heating System
- Electric, Central
- High School
- Whites Creek High
- Junior High School
- Haynes Middle
- Living Area
- 10,728
- Lot Dimensions
- 100 X 100
- New Construction
- Yes
- Number Of Stories
- 3
- Sewer System
- Public Sewer
- Subdivision
- Airbnb
- Tax Amount
- $712
- Water Source
- Public
- Year Built
- 2021
- Zoning
- RM20-A
- Type
- Multifamily
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Listing courtesy of Adaro Realty.
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