Active

532 Weakley Ave

Nashville TN, 37207

$5,100,000


$456.74 per sqft

Active

11,166 sqft

Residential

Built in 2019

Music Row on the Cumberland is the premier NOO STR development in Nashville. All 6 units (18beds/18baths) are being sold together as an investment package, not individually (includes 532, 534, 536, 538, 540, 542 Weakley Ave). Located in the middle of Nashville's core growth while also within 10 minutes of Oracle's new campus and River North, the asset provides liquid cash flow along with extreme long term appreciation. Each unit has been improved over the past year with exciting themes (Johnny Cash House, Taylor Swift House, Dolly House, etc) that have proven to increase occupancy significantly. Entire package conveys fully furnished. Based on 2023 Actuals (attached), units are currently on a 6.9% CAP.

2611976

MLS ID

January 23, 2024

Listed

July 13, 2024

Updated

Map

532 Weakley Ave
Nashville TN, 37207

Interior Features

Total Stories

3


Floor Description

Finished Wood, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Sewer

Public Sewer

School Information

High School

Whites Creek High


Elementary School

Alex Green Elementary

Other Property Details

Taxes

$5,540


Tax Frequency

Annually


Days on Market

168


Garage

Yes


Garage Spaces

2


Parking

Attached - Rear


Parking Total

2


View

No


County

Davidson County, TN


Water Source

Public


Pool

No


Zoning

MUN - A

Listing History

Date

Event

Price

7/10/2024

Price Change

$5,100,000

-2%

6/24/2024

Price Change

$5,200,000

-2%

6/19/2024

Price Change

$5,295,000

-2%

4/22/2024

Price Change

$5,350,000

-1%

4/8/2024

Price Change

$5,400,000

-1%

3/30/2024

Price Change

$5,450,000

-1%

3/6/2024

Price Change

$5,500,000

-2%

Listed by Stephen Delahoussaye, House Haven Realty

 

Based on information submitted to the MLS GRID by Middle Tennessee Regional Multiple Listing Service as of 7/13/2024, 8:06 AM UTC. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2024 Middle Tennessee Regional Multiple Listing Service. All rights reserved. 

 

Powered byLuxury Presence