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Steve Frye

stevefrye@simplihom.com +1(615) 500-1175

Listed by Steve Frye • simpliHOM

$ 6,500,000

Est. payment | -/mo

14,568 SqFt

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$ 6,500,000

Est. payment | -/mo

Save

14,568 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,568 sqft

Price per Sqft $446

Subdivision Phillips Place

MLS Listing ID 3302436

HOA Y/N No

Year Built 2007

Annual Tax Amount $65,440

Property Description

$500,000 in Earnings |10-Unit Turnkey Long Term or Short-Term Rental | DOWNTOWN NASHVILLE! A rare opportunity to own a fully operational, income-producing short-term rental portfolio in one of Nashville's most desirable downtown-adjacent corridors walkable to the city's top attractions and zoned NOOSTR-permissible for continued STR use through purchase and transfer of the property LLC. This boutique 10-unit development generated $500,000 in rental revenue in 2025, with each of the ten individually designed, three-story townhome-style units offering 2 bedrooms and 2.5 baths, sold fully furnished and ready to generate income from day one. Gated garage parking with secured access and private stairwells to each unit add a level of security and privacy that short-term guests and future buyers pay a premium for. The upside doesn't stop at cash flow. Properties of this type may qualify for significant bonus depreciation, potentially generating substantial first-year tax savings that could help offset a buyer's down payment (buyers should consult their tax advisor to evaluate eligibility and estimate potential benefit based on their specific situation). And for investors thinking beyond STR: these units are well suited to redesign and repositioning as individually sold or leased luxury condos, giving this asset a second exit strategy as the neighborhood continues to appreciate. Approximately 14,568 total square feet. Two parking spaces per unit. A rare blend of immediate income, tax efficiency, and long-term optionality in a west-side Nashville location that continues to command premium demand. The upside doesn't stop at cash flow. Thanks to bonus depreciation available on this asset class, a buyer may qualify for an estimated $1.4M–$1.6M in first-year tax savings, effectively offsetting the down payment (consult your tax advisor to confirm eligibility and benefit based on your specific position).

Location

State TN

County Davidson County

Zoning RM20

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace N

Exterior

Garage Spaces 20.0

Utilities Available Water Available

View Y/N false

Private Pool false

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Eakin Elementary

Middle Schools West End Middle School

High Schools Hillsboro Comp High School

Others

Senior Community false

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(615) 500-1175

stevefrye@simplihom.com

3203 Long Blvd Nashville, TN 37203

Steve Frye

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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3203 Long Blvd