Monty is a 14 unit East Nashville Airbnb development located at 1308 Montgomery Avenue in the Cleveland Park neighborhood of Nashville. Monty is thoughtfully designed, developed and purpose built for non-owner occupied short term rental by Hidden Valley Homes. We anticipate an “early bird” sales event in September when Buyers can secure one of these investment properties at pre-MLS pricing.
All 14 Airbnb homes have 4 bedrooms, 4 baths, 2 car garages with 1,703 square feet. All homes feature roof top terraces with incredibly tranquil views of East Nashville. These homes have been engineered from foundation to roof rafters to achieve the lowest operating and maintenance costs, adding to your profitability. Onsite development began in early 2020 with vertical construction commencing in June 2020. The first phase with 3 homes will deliver in February 2021, perfectly timed to take advantage of the 2021 season. The second phase of with 3 homes will deliver in April 2021. The final phase with 8 homes will deliver in September/October 2021.
This project sold out before completion. Don’t miss out on the next one!
Get on the VIP list: Airbnb@GrantHammond.com
East Nashville Airbnbs for sale at Monty
|Address||Location||Beds||Baths||Garage||Sq Ft||Roof Top||Price|
|1308 Montgomery Ave #1||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #2||Interior||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #3||Interior||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #4||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #5||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #6||Interior||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #7||Interior||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #8||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #9||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #10||Interior||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #11||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #12||End||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #13||Interior||4||4||2||1,703||Y||SOLD|
|1308 Montgomery Ave #14||End||4||4||2||1,703||Y||SOLD|
* prices and availability are subject to change at anytime
HOA documents, site plan, floor plans, Airbnb rental pro formas and other due diligence materials are available upon request. Looking for a different type of vacation investment property? See every Nashville Airbnb for sale
Location, Convenience, Rental Rate & Future Value
It certainly can be difficult to evaluate short term rental investment properties, especially East Nashville Airbnb opportunities. Why? Because East Nashville is absolutely massive. However, there are extremely simple rules to follow when evaluating whether or not an Airbnb is right for your portfolio. First, purchase on the downtown Nashville side of East Nashville. Don’t get caught messing around in Rosebank, Porter Heights, Maplewod or Inglewood. While wonderful places to live, they are simply too far out for Airbnb rentals. Second, focus on areas with walkability or extremely convenient drives to downtown. You never want to be more than a $10 Uber ride from the intersection of 1st Avenue and Broadway. Third, get multiple opinions on the nightly rental rates and always ask for a backstop long term rental quote as well. If the market pivots, you must ensure you can pivot right along with it. Last, purchase your East Nashville Airbnb in an area with rampant growth. Look for new retailers and restaurants. Those businesses do oodles of research to ensure they are locating themselves in the path of progress and that’s exactly where you want to be too.
Update: we are excited to learn that the Southern Grist Brewing Company is relocating to the Highland Yards development directly across the street from Monty. Southern Grist began operations at 1201 Porter Road in 2016. From the press release: “The future space is twice the size of the Porter Road building, allowing for an increased focus on food, two patio areas, distanced indoor seating and better parking. Locally based Mijo Gordito will partner with Southern Grist on the food concept.” It’s difficult to think of a better case scenario than an incredibly good brewery opening up directly across from your East Nashville Airbnb! Read the article in the Nashville Scene.