Attention Investors: Gross income of $600k+ with future bookings closing in on $700k for 2027! 8-11+% Cap / CoC return! Main House: 2927 sqft + 2 Bedroom Pool House: 1184 sqft = 4,111 sqft total ($1313/sqft). A one-of-a-kind, commercially zoned property in the heart of Nashville's famous "5 Points" neighborhood w/ a walk score of 93. A completely redesigned and reimagined short term rental private"compound" that is far beyond the traditional Nashville inventory of townhouse and condo opportunities flooding the MLS with either no proven income or negative cash flow for the next buyer. This home has been designed with only the highest guest experience in mind with top-of-the-line finishes throughout. From the tile, in-set cabinets and countertops, to the meticulously chosen furniture, these elements are so timeless that when combined with an amazing walkable area there is limited, if any, re-designs that will ever have to be considered to stay top of market. You can consider this investment opportunity virtually "future proof" from any competition in the short term rental space. This home and the additional 2 bedroom 1 level pool house are allowed to legally sleep 20 people with over 4,000 sqft between both houses. With the inviting courtyard, tiled in-ground pool, various inside sitting areas and the addition of a full size bar, there's a perfect balance of quiet elevated comfort and/or gathering of friends for planning or catching up from any Nashville adventures the day may have. No Ubers needed when nearly 50 bars or restaurants are within a ten minute walk or 2 dozen within 5 minutes or less. Grab a bite to eat or drink and head back to your heated pool or hot tub for the afternoon. If you feel you need a change of that scenery and need more options, virtually everything that Nashville has to offer is a 10-15 drive at most. Bonus depreciation play here as well. Equally amazing residential home or event space (or more based on zoning)!
Based on the average sale price from the FAIRVIEW, TN office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
116 S 11th St Nashville, TN is a Single Family Home for sale at $5400000 with 2927 sqft and a lot size of 0.19 Acres Acre(s). 116 S 11th St Nashville has 4 bedrooms, 3 baths and was built in 1910. The property's zip code is 37206 which is in Nashville, TN
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.