2607 Jefferson St

Nashville, TN, 37208

$3,000,000

$409 per ft²
$3,000,000
$409 per ft²
Active
Active
 - For Sale
carpenters-square
7,330 ft²
property_type
Multi-family
calendar
Built 1963
Jefferson Flats provides a unique and attractive investment opportunity to acquire a renovated 12-unit short-term rental (STR) development that is commercially zoned in the booming Nashville market. There won't be another opportunity to buy a similar property at this price anytime soon. Distance from Downtown Nashville is 2 miles, making this a rare find for a Commercial/Multi-Family option. Property is zoned (CN) and eligible to be utilized as a Non-Owner Occupied Short Term Rental (NOO STR), Long Term Rental or possibly a Boutique Hotel development. Asking price is equivalent to $250k per 2 bedroom unit which is less than 1/2 of what a competing 2 bdrm NOO STR in Nashville sells for. Please see the attached OM for more information on the property and financials.
MLS® ID:
2473555
Listed:
1/4/23
Updated:
1/27/23
Elevate Real Estate Brokerage, LLC
Angelynn Edwards

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Laminate, Tile
Cooling
Electric
Heating
Electric

Exterior/Building Features

Lot Size
9,147 ft² lot
Architectural Style
Multi Family
Sewer
Public Sewer

School Information

High School
Pearl Cohn Magnet High School
Middle/Jr High
Mc Kissack- Crewell Professional Development School
Elementary School
Park Avenue Enhanced Option

Other Property Details

Taxes
$9700
Tax Frequency
per YEAR
Garage
No
Parking
Parking Lot
View
N
County
Davidson County, TN
Water Source
Public
Pool
No
Total Stories
2
Zoning
CN
Buyer Agency Compensation
2.5

Listed by Steve Frye, Hive Nashville LLC

 

Based on information submitted to the MLS GRID by Middle Tennessee Regional Multiple Listing Service as of 1/27/23, 8:55 AM UTC. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2023 Middle Tennessee Regional Multiple Listing Service. All rights reserved. 

Elevate Real Estate Brokerage, LLC
Angelynn Edwards
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