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Mosaic on Jefferson 1020 Jefferson St

25 Unit Apartment Building $27,999,999 ($1,120,000/Unit) 8.27% Cap Rate Nashville, TN 37208

Virtual Tour

Investment Highlights

  • 25 luxury, short term rental townhomes in a thriving community in one of the area’s fastest growing corridors.
  • Located adjacent to Germantown, with quick transport access to I-65, I-40, I-24, and Nashville International Airport (BNA).
  • Nearby attractions like First Horizon Park, Bridgestone Arena, Nissan Stadium, and the world-famous lower-Broadway district.
  • Each four-story unit offers 4 bedrooms, 4.5 bathrooms, over 2,282 square feet, and a rooftop deck with views of the Nashville skyline.
  • Investors benefit from high returns, strong rental potential, and the area’s ongoing appreciation driven by tourism & coastal corporate relocations.

Executive Summary

Mosaic on Jefferson is a unique investment opportunity with high-profit potential, located in one of Nashville’s fastest-growing corridors at 1020 Jefferson Street. This newly constructed short-term rental-eligible townhouse development comprises 25 premium units meticulously designed to deliver luxury living while maximizing return on investment. The property is positioned to be a reliable and high-yielding investment featuring cutting-edge designs, a prime location, and an impressive financial outlook with short-, medium-, and long-term value.

Each four-story unit has four bedrooms, four and a half bathrooms, 2,282 spacious square feet of living space, and a rooftop deck. All bedrooms have en-suite bathrooms. Most decks feature stunning views of the iconic Nashville skyline, an attractive selling point for both short-term guests and potential renters. From vibrant and bold hues to elegant and understate palettes, Mosaic on Jefferson provides a spectrum of color schemes to suit different styles and preferences to attract a wide range of individuals.

Situated adjacent to Germantown, the property is prominently positioned just minutes from commuter routes like Interstates 65, 40, and 24, in addition to several key attractions. Broadway, Capitol View, The Gulch, Station East, River North, Oracle World HQ Campus, the East Bank project, and the forthcoming Titans Stadium are all within a quick 10-minute drive from Mosaic on Jefferson. This highly desirable area is poised for continued appreciation as it benefits from the ongoing influx of investment and large-scale developments.

Mosaic on Jefferson is a strategic financial asset with a standout return in the Nashville market. Investors will benefit from a robust cash flow potential with rental opportunities and leverage cost segregation to maximize tax savings. Significant price appreciation is expected, driven by ongoing corporate relocations, development, and economic growth. Take advantage of this exceptional opportunity at Mosaic on Jefferson and tap into Nashville’s thriving community.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Financial Summary (Pro forma - 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 (Pro forma - 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 $27,999,999
Price Per Unit $1,120,000
Sale Type Investment
Cap Rate 8.27%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.75 AC
Building Size 57,050 SF
No. Stories 4
Year Built 2024
Parking Ratio 0.04/1,000 SF

Unit Amenities

  • Balcony
  • Dishwasher
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Patio

Site Amenities

  • 24 Hour Access
  • Gated
  • Walking/Biking Trails
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+4.5 25 - 2,282
Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Amenities

Restaurants

Mary's Old Fashioned Pit Bar-b-que Barbecue $$$ 3 min walk
Carolyn's Homestyle Kitchen Southern $ 6 min walk
Knockout Wings Wings $ 6 min walk
Off The Bone Barbecue $ 9 min walk
Chicago Style Gyros Middle Eastern $$$ 11 min walk
El Burrito Mexicano Latin American $ 11 min walk
Farm City Coffee Coffee $ 11 min walk
Nashville Farmer's Market Latin American $ 11 min walk
Batch Nashville Pizza $ 11 min walk
Green Asia Asian $ 11 min walk

Retail

Family Dollar Dollar/Variety/Thrift 2 min walk
Advance Financial 24/7 Finance Company 5 min walk
Goodwill Dollar/Variety/Thrift 7 min walk
Walgreens Drug Store 7 min walk
Regions Bank Bank 7 min walk
Kroger Supermarket 8 min walk
Truist Bank 15 min walk
[solidcore] Fitness 16 min walk
Publix Supermarket 17 min walk

Hotels

Hampton by Hilton
169 rooms
3 min drive
TownePlace Suites
204 rooms
3 min drive
Homewood Suites by Hilton
121 rooms
3 min drive
Dream Hotels
168 rooms
3 min drive
Grand Hyatt
591 rooms
3 min drive
Embassy Suites by Hilton
506 rooms
4 min drive

zoning

Zoning Code DTC (DTC is intended to provide for and encourage a mix of compatible land uses that provide opportunities to live, work, and shop within the neighborhoods)
DTC (DTC is intended to provide for and encourage a mix of compatible land uses that provide opportunities to live, work, and shop within the neighborhoods)

Sale Advisor

Sale Advisor

(615) 708-2871 x1
Contact
Jonathan Hawks, Managing Member / Principal Broker
(615) 708-2871 x1
Contact
Jonathan Hawks is a highly accomplished professional in the commercial real estate industry, serving as the Managing Member and Founding Broker of his firm. With a career characterized by excellence and expertise, Jonathan has played a pivotal role in shaping the landscape of commercial real estate.

His visionary leadership and strategic acumen have positioned him as a respected figure within the industry. As a Founding Broker, Jonathan has been instrumental in pioneering innovative approaches and providing clients with insightful guidance in complex real estate transactions.

Jonathan Hawks' unwavering commitment to the field, combined with his remarkable leadership, solidifies his reputation as a trailblazer in commercial real estate. Clients seeking a knowledgeable and results-driven partner turn to Jonathan Hawks for his exceptional insights and dedication to their success.
  • Listing ID: 33453504

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 1020 Jefferson St, Nashville, TN 37208

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