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518 Weakley Ave, Nashville, Tennessee, United States, 37207

2,895,000
for Sale

About the property:

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 Type:
Residential Income
Status:
for Sale
House Style:
Other
Square Feet:
10728
Directions:
Jefferson St East-Left on Cowan ( past Top Golf) Left on Baptist World Center-Right on Weakley to home on right.
Is Art:
Yes
Is Bank:
Yes
Is Bed:
Yes
Is Golf:
Yes
Is Investment:
Yes
Is Multiple:
Yes
Is Other:
Yes
Is Unit:
Yes
Listing ID:
RTC3601853

Rooms

Dimensions

Brokered by:
Adaro Realty
Presented By:

Amy Kempf

Broker

Reliant Realty ERA Powered