116 S 11th St, Nashville, TN 37206
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116 S 11th St, Nashville, TN 37206
116 S 11th St, Nashville, TN 37206
116 S 11th St, Nashville, TN 37206
116 S 11th St, Nashville, TN 37206
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Listed by Shaun Cavanaugh • AiCRE Real Estate
$ 5,400,000
Est. payment /mo
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Coming Soon

116 S 11th St Nashville, TN 37206

4 Beds

4 Baths

2,927 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,927 sqft

Price per Sqft $1,844

Subdivision East Edgefield

MLS Listing ID 3263188

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1910

Annual Tax Amount $14,368

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 50 X 170

Property Sub-Type Single Family Residence

Property Description

Attention Investors: How does a near double digit cap rate based on past and FUTURE numbers sound (or maybe double digit returns)?

A one-of-a-kind, commercially zoned property in the heart of Nashville's famous "5 Points" neighborhood w/ a walk score of 93. A completely redesigned and reimagined short term rental private"compound" that is far beyond the traditional Nashville inventory of townhouse and condo opportunities flooding the MLS with either no proven income or negative cash flow for the next buyer.

This home has been designed with only the highest guest experience in mind with top-of-the-line finishes throughout. From the tile, in-set cabinets and countertops, to the meticulously chosen furniture, these elements are so timeless that when combined with an amazing walkable area there is limited, if any, re-designs that will ever have to be considered to stay top of market. You can consider this investment opportunity virtually "future proof" from any competition in the short term rental space.

This home and the additional 2 bedroom 1 level pool house are allowed to legally sleep 20 people with over 4,000 sqft between both houses. With the inviting courtyard, tiled in-ground pool, various inside sitting areas and the addition of a full size bar, there's a perfect balance of quiet elevated comfort and/or gathering of friends for planning or catching up from any Nashville adventures the day may have.

No Ubers needed when nearly 50 bars or restaurants are within a ten minute walk or 2 dozen within 5 minutes or less. Grab a bite to eat or drink and head back to your heated pool or hot tub for the afternoon. If you feel you need a change of that scenery and need more options, virtually everything that Nashville has to offer is a 10-15 drive at most.

Bonus depreciation play here as well. Equally amazing residential home or event space (or more based on zoning)!

Location

State TN

County Davidson County

Rooms

Main Level Bedrooms 4

Interior

Heating Central, Furnace

Cooling Central Air

Flooring Concrete, Wood, Tile

Fireplace N

Appliance Gas Oven

Exterior

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 Warner Elementary Enhanced Option

Middle Schools Stratford Stem Magnet School Lower Campus

High Schools Stratford Stem Magnet School Upper Campus

Others

Senior Community false

Special Listing Condition Standard


RealTracs IDX
Jason Fraker

Jason Fraker

Broker | License ID: 337507

+1(615) 456-8016

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116 S 11th St