916 Buchanan St apts 201 208 new Save Request In-Person Tour Request Virtual Tour
Nashville,TN 37208
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,484 sqft
Price per Sqft $801
Subdivision Buchanan Point
MLS Listing ID 2912203
HOA Fees $1,072/mo
HOA Y/N Yes
Year Built 2022
Annual Tax Amount $19,785
Property Description
Rare opportunity to acquire 8 active short-term rental units in one modern building, all on the same hallway for streamlined operations. Each 1 bed / 1 bath unit features a dedicated bedroom with en suite bathroom, an additional sleeper sofa in the living room, and its own deeded parking space. All units are fully furnished with high-end décor, linens, kitchenware, and supplies—truly turnkey. In 2024, these units generated $362K+ in revenue with ~63% average occupancy and 85%+ in peak months. Average nightly rate was $219. Estimated NOI: $279K (23% expense ratio incl. property taxes and ops). Cap rate approximately 8% at list price. 1,911 guests hosted across 1,856 filled nights with ~21% YoY revenue growth. Continued management available or easily self-managed. Ideal for investors seeking scale, cash flow, and operational efficiency in one of the country's strongest short-term rental markets. Possession negotiable.
Location
State TN
County Davidson County
Zoning CS
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
View City
Roof Type Membrane
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Fiber Cement,Brick
New Construction false
Schools
Elementary Schools Jones Paideia Magnet
Middle Schools John Early Paideia Magnet
High Schools Pearl Cohn Magnet High School
Others
HOA Fee Include Exterior Maintenance,Maintenance Grounds,Insurance,Pest Control,Trash