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 privatecompound 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)!
Listed By
Agency Name: AiCRE Real Estate
Agency Phone: 6157082871
Shown By
Agent Name: Donna Shell
Agent Phone: (615) 347-4122
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 14,790.39 per month $12,018.06 Principal & Interest $1,197.33 Property Tax $1,575.00 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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116 S 11th St | MLS# 3263188
This single family home located at 116 S 11th St, Nashville, TN 37206 is currently listed for sale with an asking price of $5,400,000. This property was built in 1910 and has 4 bedrooms and 3 full and 1 partial baths with 2927 sq. ft. S 11th St is located in the East Edgefield subdivision. Search East Edgefield real estate on donnashell.crye-leike.com today.