2021 Beech Ave Unit #4, Nashville, TN 37204
- $679,990
- 3
- BD
- 4
- BA
- 1,540
- SqFt
- List Price
- $679,990
- Status
- COMING SOON / HOLD
- MLS#
- 3530655
- Days on Market
- 0
- Bedrooms
- 3
- Bathrooms
- 4
- Full Bathrooms
- 4
- Living Area
- 1,540
- Lot Size
- 435
- Acres
- 0.01
- County
- Davidson County
Property Description
SHORT TERM RENTAL OPPORTUNITY | 12 SOUTH | One of the more compelling value-add STR opportunities currently available in Nashville. This established 3BR/4BA short-term rental is already producing approximately $70,000 annually in gross revenue, equating to roughly a 10.3% gross yield at list price — and that is with significant room left to improve. The property has already proven demand with 280 Airbnb reviews, a 4.76-star rating, and years of operating history, yet the current furniture, decor and overall presentation are dated compared to many of Nashville’s top-performing STRs. It is also currently configured to sleep only 8 guests. With a thoughtful $30K-$50K design and furniture refresh, upgraded photography and an optimized sleeping arrangement for potentially 10 guests, there is a strong opportunity to increase ADR and push annual gross revenue toward the $90K-$100K range. The location is a major part of the story. Positioned in the highly desirable 12 South / Melrose corridor with an 80 Walk Score, guests are a quick rideshare from everything that makes this one of Nashville’s most popular areas — Sushi-san, Urban Grub, bartaco, Five Daughters Bakery, Edley’s BBQ, The Henry, Frothy Monkey, Sevier Park and the shops, restaurants and nightlife along 12th Ave South — while also maintaining easy access to Belmont, Vanderbilt, The Gulch, Downtown and Broadway. With 3 bedrooms, 4 full baths, 1,540 SF, an attached garage, proven existing revenue and a purchase price under $700K, this is not an STR that needs a turnaround to make sense. The current numbers already work. The upside is in the repositioning. For an investor looking for immediate income, a premier Nashville location and a clear path to materially improve performance, this is an opportunity that is increasingly difficult to find at this price point.
Additional Information
- Amenities Other
- Ceiling Fan(s), Extra Closets, Pantry, Walk-In Closet(s)
- Association Fee
- $300
- Association Fee Frequency
- Monthly
- Basement Description
- None
- Bedrooms Main
- 1
- Construction Type
- Frame, Brick
- Cooling System
- Central Air
- Elementary School
- Waverly-Belmont Elementary School
- Floor Types
- Carpet, Wood, Tile
- Garage Capacity
- 1
- Garage Description
- Garage Faces Front
- Heating System
- Central
- High School
- Hillsboro Comp High School
- Interior Other
- Ceiling Fan(s), Extra Closets, Pantry, Walk-In Closet(s)
- Junior High School
- John Trotwood Moore Middle
- Living Area
- 1,540
- Number Of Stories
- 3
- Sewer System
- Public Sewer
- Subdivision
- Beech Place
- Subtype
- Townhouse
- Tax Amount
- $8,362
- Unit Number
- 4
- Water Source
- Public
- Year Built
- 2019
- Type
- Condo
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