Highly desired, top performing MUL zoned short term rental. Property is permitted in an LLC currently - walk into instant cash flow. Annual Revenue numbers are in excess of $150K. Cap rate is just over 10%. 2 years of proven cash flow available. Calendar is already booking well into 2023. Buyer can keep all future reservations with 1 year contract with current management.
Closed
$1,200,000
509 27th Ave N, Nashville, TN 37209
4beds
2,220sqft
Condominium, Residential
Built in 2020
-- sqft lot
$1,028,500 Zestimate®
$541/sqft
$4,305 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: April 17, 2023 at 06:41am
Listing Provided by:
John White 601-408-4530,
Engel & Voelkers Nashville,
Emily Stewart 615-582-8081,
Engel & Voelkers Nashville
Bought with:
Jackson Carroll, 358396
Compass
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2439568
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 1
Bedroom 1
- Features: Full Bath
- Level: Full Bath
Kitchen
- Features: Pantry
- Level: Pantry
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Electric Oven, Gas Range
Features
- Extra Closets, Smart Thermostat, Walk-In Closet(s)
- Flooring: Wood, Tile
- Basement: Crawl Space
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,220
- Total interior livable area: 2,220 sqft
- Finished area above ground: 1,732
- Finished area below ground: 488
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear
- Attached garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Deck
- Has view: Yes
- View description: City
Lot
- Size: 871.20 sqft
Details
- Parcel number: 092100M02000CO
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Masonite, Brick
Condition
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Nashville
- Subdivision: Axis27
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $185 monthly
- Services included: Maintenance Structure, Maintenance Grounds, Trash
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Estimated market value
$1,028,500