4908 Delaware Avenue presents Buyers with the unique opportunity of purchasing 8 fully furnished, fully operating NOO STRs in the Nations neighborhood in Nashville, TN. Built by Woodford Construction, these purpose-designed townhomes are perfectly situated to be able to take advantage of the 51st Avenue retail corridor in the Nations and Charlotte Avenue restaurant corridor. Prices start at $425,000 for interior units and $435,000 for end units.
4908 Delaware Avenue is designed as 2 separate buildings containing 4 townhomes each resulting in 4 interior units and 4 end units. All floor plans have 3 bedrooms, 3 bathrooms and an attached 1 car garage. The development also offers 4 guest parking spaces on site as well as numerous on street parallel spaces. As you know, when operating NOO STRs in Nashville, it’s important to have the flexibly to offer free parking to those who choose to drive. All townhomes come fully furnished including linens, electronics and kitchen accoutrement. The seller has 8 short term rental permits for these homes.
NOO STRs Available at 4908 Delware Avenue
|4908 Delaware Ave #1||End||3||3||1||1,306||SOLD|
|4908 Delaware Ave #2||Interior||3||3||1||1,301||SOLD|
|4908 Delaware Ave #3||Interior||3||3||1||1,301||SOLD|
|4908 Delaware Ave #4||End||3||3||1||1,306||SOLD|
|4908 Delaware Ave #5||End||3||3||1||1,306||SOLD|
|4908 Delaware Ave #6||Interior||3||3||1||1,301||SOLD|
|4908 Delaware Ave #7||Interior||3||3||1||1,301||SOLD|
|4908 Delaware Ave #8||End||3||3||1||1,306||SOLD|
* prices and availability are subject to change at anytime
HOA documents, floor plans, certificate of insurance, short term rental pro forma and other due diligence materials are available upon request. Looking for a different type of vacation investment property? See all Short Term Rentals for sale in Nashville
Why Own a Short Term Rental in the Nations?
It’s important to understand how the Nations neighborhood has evolved over the last 5 years in order to understand where it’s going over the next 5 years. In 2014, the average sales price in the Nations was $213,675 with just 80 homes closing per year which translated to just over $15M in residential sales. So far in 2019, 238 homes have sold averaging $452,125 which translates to nearly $105M in residential sales. Clearly, the Nations is on a rocket ship ride with a nearly 700% growth in residential volume since 2014. This ride has attracted retailers and restaurateurs who seemingly open a new establishment monthly. Hot spots include the Fat Bottom Brewery, Nicky’s Coal Fired, Tinwings, Frothy Monkey, 51st North Taproom and 51st Kitchen & Bar to name a few. This unprecedented growth has built a rather substantial demand for NOO STRs (non-owner occupied short term rentals) in the neighborhood.