BEDS0
BATHS
SQUARE FEET10,728
MLS#3601853
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONAIRBNB
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric, Central Air
Garage: 4 car attached
Heating: Electric, Central
Lot Size: 0.23 Acres
Stories: 3.0
Taxes: $712
Year Built: 2021
Feature Descriptions
Days on Site: 23
Flooring: Wood, Tile
Lot Dimensions: 100 X 100
Parcel#: 071100F00200CO
Parking: Garage Faces Front
Parking Notes: Garage Faces Front
Sewer: Public Sewer
Units: 8
Utilities: Electricity Available, Water Available
Water: Public
Local Schools
High School: Whites Creek High
Middle School: Haynes Middle
Elementary School: Alex Green Elementary
Listed By / Shown By
Listed By
Agency Name: Adaro Realty
Agency Phone: 6153761688
Shown By
Agency Title: Crye-Leike Real Estate Services - Adaro Realty - Memphis
Agency Phone: 901-751-6675
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 7,346.72 per month $6,443.01 Principal & Interest $59.33 Property Tax $844.38 Homeowner's InsuranceChange Payment Information
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518 Weakley Ave | MLS# 3601853
This multi-family property located at 518 Weakley Ave , Nashville, TN 37207 is currently listed for sale with an asking price of $2,895,000. Search Nashville real estate on www.adarorealty.com today.