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2607 Jefferson St

12 Unit Block of Flats £1,662,706 (£138,559/Unit) 6.01% Net Initial Yield Nashville, TN 37208

Investment Highlights

  • Fully renovated
  • Fully occupied
  • AirBnB eligible

Executive Summary

This fully renovated and AirBnb eligible 12 unit sits in downtown Nashville just 3 miles from Capitol Hill and Broadway. Currently 100% occupied, it’s a great opportunity to get into booming downtown Nashville with the long term potential upside of an AirBnB hotel. CapEx in the last 2 years includes fully renovated units, new AC/Heat units, in unit W/D, and new appliances plus repairs and updating on support, plumbing and electricals. Fannie/Freddie SBL debt quote available by request.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,662,706
Price Per Unit £138,559
Sale Type Investment
Net Initial Yield 6.01%
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 7,330 SF
Average Occupancy 92%
Number of Floors 2
Year Built 1963
Parking Ratio 1.23/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Washer/Dryer Hookup
  • Granite Countertops
  • Refrigerator
  • Range

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
092-02-0-103
Land Assessment
£48,825
Improvements Assessment
£232,544
Total Assessment
£281,369
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code CN (Commercial Neighborhood)
CN (Commercial Neighborhood)
  • Listing ID: 33235650

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: 2607 Jefferson St, Nashville, TN 37208

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