824 Watts Ln, Nashville, TN 37209
- $6,250,000
- 2,104
- SqFt
- List Price
- $6,250,000
- MLS#
- 3525628
- Days on Market
- 16
- Property Type
- Multifamily
- Sqft. of Residence
- 2,104
- County
- Davidson County
- Status
- ACTIVE
Property Description
Industry Square presents an opportunity to acquire a concentrated portfolio of 10 newer-construction townhomes within a boutique 16-residence community in West Nashville. Offered together at $6.25M, 9 of the 10 residences are currently leased, providing an established rent roll with approximately $387,000 in annualized in-place gross rent. Current rents are predominantly $3,650/month, with only one lease receiving a one-month concession and lease terms extending into 2027 and 2028. The portfolio represents an average acquisition basis of $625,000 per residence and includes 10 of the community’s 16 homes, providing the purchaser with concentrated ownership. Each residence features 3 bedrooms and 3 full bathrooms across approximately 2,080–2,402 square feet, with an attached two-car garage, rooftop deck, private balcony and elevated modern finishes. One residence remains available for lease, while an additional residence is currently leased month-to-month at $3,000, providing flexibility and potential upside within the existing rent roll. An attractive option for an investor looking to deploy capital, complete a 1031 exchange, or add multiple Nashville doors through a single acquisition rather than assembling and leasing a scattered portfolio property by property. Conveniently located in West Nashville with access to downtown, the hospital district, shopping, dining and major employment centers. Full Offering Memorandum, rent roll and individual lease information available upon request. Buyer and buyer’s agent to independently verify all financial information, leases, HOA documents, expenses and investment assumptions.
Additional Information
- Association Fee
- $200
- Association Fee Frequency
- Monthly
- Community Amenities
- Dog Park, Sidewalks
- Construction Type
- Hardboard Siding
- Cooling System
- Ceiling Fan(s), Central Air
- Elementary School
- Charlotte Park Elementary
- Floor Types
- Wood
- Garage Capacity
- 2
- Garage Description
- Attached, On Street, Parking Lot
- Heating System
- Central
- High School
- James Lawson High School
- Junior High School
- H. G. Hill Middle
- Laundry
- Individual
- Living Area
- 2,104
- Number Of Stories
- 3
- Sewer System
- Public Sewer
- Subdivision
- 824 Watts Lane Townhomes
- Tax Amount
- $4,796
- Water Source
- Public
- Year Built
- 2024
- Zoning
- RM-15 Mult
- Type
- Multifamily
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Listing courtesy of Compass RE.
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