Off-Market Condo at 2407 8th Ave S, Nashville, TN 37204
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2407 8th Ave S, Nashville, TN 37204

Unit - #413

$499,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $285 per day and long-term for an average of $2,272 per month, based on similar listings in the area. Estimated short-term cap rate of 3.5%. Estimated long-term cap rate of -2.4%. Perfectly situated between 12 South and Wedgewood Houston, this condo is just minutes to downtown Nashville, The Gulch, and Vanderbilt and Belmont. Easily walkable to shopping and restaurants (Urban Juicer, M.L Rose Craft Beer & Burgers, Maple Street Biscuit Company to name just a few), this stunning unit has been meticulously maintained and is flooded with light. Offering secure building access and two designated parking spaces, this 4th Floor corner unit features an open and airy floor plan with a designated foyer entrance hall, stunning and substantial kitchen island, pristine stainless steel appliances, and expansive terrace with ample seating. The Primary suite features a large pass through closet, tiled bath, dual vanities, and oversized walk-in shower. Secondary bedroom with generous walk-in closet and private second bath entrance. Laundry closet with washer/dryer. This is easy Nashville living in the heart of it all!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$353
Rental Policy
daily
Yearly Taxes
$3186
Bedrooms
2
Bathrooms
2
SQFT
1,146
Furnished
N/A
Year built
2017
Listing Status
Off Market
MLS
2797988

Short-term Rental Potential
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$56,544

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$435

Price/SQFT

Long-term Rental Potential
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$27,264

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,272/mo

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