614 W Iris Dr - Apartments FOR SALE


Nashville, TN 37204
$5,500,000 USD
615-708-2871
614 W Iris Dr, Nashville, TN for Sale
$5,500,000 USD
Apartments - FOR SALE
1/17
null | 5.64% Cap Rate

614 W Iris Dr
Nashville, TN 37204


OVERVIEW

AiCRE Real Estate is excited to present an exceptional investment opportunity in the thriving Berry Hills area of Nashville, Tennessee. This premium portfolio comprises five turnkey short-term rental properties, strategically located just 10 minutes from downtown Nashville. The investment package includes four spacious units, each featuring four bedrooms and four bathrooms, complemented by a versatile two-bedroom, three-bathroom unit. This diverse mix allows investors to cater to a wide range of guests, maximizing rental income potential. The properties are ideally situated to capitalize on Nashville's booming real estate market and the ongoing transformation of Berry Hills, including the development of a $212 million music campus in the vicinity. This prime location, coupled with the increasing demand for short-term rentals in the area, positions the portfolio for strong performance and appreciation. Financial projections underscore the investment's potential, with a combined net operating income (NOI) of approximately $310,000, yielding an attractive cap rate that outperforms market averages. Investors stand to benefit from both immediate cash flow and long-term appreciation in one of the nation's most dynamic real estate markets. The portfolio's strategic positioning allows for capitalization on the surging demand driven by tourism and business travel in Nashville. Moreover, the ongoing development in Berry Hills promises to further enhance the area's appeal and property values. This investment opportunity represents a rare chance to acquire high-performing assets in a market experiencing rapid growth and development, offering a compelling blend of stable income generation and significant appreciation potential. For those seeking to diversify their portfolio with a high-growth market segment, this Berry Hills short-term rental investment package presents an unparalleled opportunity to secure a stake in Nashville's thriving real estate landscape. Properties/Parcels In Portfolio 614 A W IRIS DR - 118070I00100CO 614 B W IRIS DR - 118070I00200CO 614 C W IRIS DR - 118070I00300CO 614 D W IRIS DR - 118070I00400CO 614 E W IRIS DR - 118070I00500CO

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,100,000

CAP RATE

5.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portfolio of 5 Turnkey Short-Term Rentals

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

118 07 0I 001.00,118 07 0I 002.00,118 07 0I 003.00,118 07 0I 004.00,118 07 0I 005.00

ASK ABOUT THIS PROPERTY

Jonathan HawksAicre Real EstateMore Info
615-708-2871

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Jonathan HawksAicre Real EstateMore Info
615-708-2871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.