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$2,895,000

Listing Price

4beds

4baths

10,728sqft

996sqft lot

518 Weakley Ave, Nashville, TN 37207

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Condo / Townhome

Home type

274.89

Price / sqft

2021

Year built

Home Details

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 sellers 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.

Interior Details

Square Feet
  • 10728

Bedrooms
  • 4

Bathrooms
  • 4

Heating
  • Has Heating:

    No

  • Heating Type:

    N/A

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 996

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    1

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • No

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 3

Style
  • Condo/apartment

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

0

$0

$0

$0

--%

$0

percent-home-icon

Average Home Price in 37207

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
2,895,000
$
Down payment
579,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
17,370
$
HOA (Monthly)
0
$
PMI
0
$
$18,740
Your Payment
Total Monthly Payment:$18,740
Percent of Income:321%
Affordable:No

Details for 518 WEAKLEY AVE

Property Debt

Foreclosure Contact Details