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Haley Kaminsky

nashvegasrealtor@gmail.com +1(702) 596-1808

Listed by Sarah Butler • Compass RE

$ 2,980,000

Est. payment -/mo

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Active

11 Music Sq #E #608 Nashville, TN 37203

12 Beds

7 Baths

5,450 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type High Rise

Listing Status Active

Purchase Type For Sale

Square Footage 5,450 sqft

Price per Sqft $546

Subdivision Spence Manor

MLS Listing ID 3278140

Bedrooms 12

Full Baths 7

HOA Fees $805/mo

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $3,080

Lot Size 871 Sqft

Acres 0.02

Property Sub-Type High Rise

Property Description

**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability within one of the area's most desirable corridors. Here, you and yours guests never sacrifice location and all units are fully renovated. Originally a hotel where Elvis, Johnny Cash, Dolly, and more stayed, the guitar-shaped pool sets the scene while live music from Demonbreun drifts up and down the sidewalks. This is an authentic Nashville experience that other buildings simply cannot touch. Walkable to Broadway, The Gulch, and Edgehill, and with parking on-site, this portfolio presents a turnkey opportunity for investors on Day 1 with a long-standing and proven track record of guest reviews and income. This premier location offers all of the touchpoints that guests are searching for, making these units a standout in a competitive short-term rental market. Option to connect two additional units together to create an additional 4 bed, 2 bath stay would further maximize profit. HOA includes: Water, Electricity, Exterior Maintenance, Grounds Maintenance, and Trash Pickup. Financials available. This is an active and very busy short-term rental! Showings will be scheduled around booking calendar.

Location

State TN

County Davidson County

Rooms

Main Level Bedrooms 12

Interior

Heating Central

Cooling Central Air

Flooring Wood, Laminate, Tile

Fireplace N

Appliance Electric Oven, Electric Range, Refrigerator

Exterior

Garage Spaces 6.0

Utilities Available Water Available

View Y/N false

Private Pool false

Building

Story 6

Sewer Public Sewer

Water Public

Structure Type ICFs (Insulated Concrete Forms)

New Construction false

Schools

Elementary Schools Eakin Elementary

Middle Schools West End Middle School

High Schools Hillsboro Comp High School

Others

HOA Fee Include Electricity,Maintenance Structure,Maintenance Grounds,Recreation Facilities,Pest Control,Trash,Water

Senior Community false

Special Listing Condition Standard

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