This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1200 Brick Church Pike - Riverside Commons

6 Unit Apartment Building Offered at $6,000,000 at a 9.55% Cap Rate in Nashville, TN 37207

Investment Highlights

  • High earning potential STR in Hot Nashville Market
  • All bedrooms have "en suite" bathroom
  • Rooftop decks to support hot tubs

Executive Summary

Discover an unparalleled investment opportunity in the heart of East Nashville—one of the city’s most rapidly redeveloping corridors. This newly built short-term rental project offers six premium units, each designed to maximize both luxury and return on investment. With modern amenities, prime location, and impressive financial performance, this property is positioned to be a cash-flow machine for years to come.
New Construction, built in 2024, this project features six spacious units, each with 4 bedrooms and 4 bathrooms, ranging from 1,873 to 2,010 square feet. Every unit includes a rooftop deck with stunning views of the Nashville skyline, providing an attractive amenity for guests.
Situated in East Nashville, these units are just minutes away from Station East, the Oracle development at River North, the East Bank development, and the upcoming Titans Stadium. This location benefits from the area’s ongoing transformation, making it a hot spot for both tourists and long-term renters.
With a projected cap rate of 9.55%, this property stands out in the Nashville market, offering a robust return on investment. The East Nashville area has seen significant appreciation in recent years, a trend that is expected to continue given the ongoing developments and influx of investment in the region.
Utilize cost segregation to maximize tax savings, enhancing your overall cash flow and return. With the combination of depreciation and appreciation, this property is not just a solid investment—it’s a strategic financial asset.
This short-term rental project is more than just a property; it’s a gateway to tapping into Nashville’s booming tourism and real estate market. The combination of new construction, strategic location, and high financial performance makes this a standout opportunity. Whether you’re looking to diversify your portfolio or capitalize on Nashville’s growth, this property offers the perfect blend of immediate returns and long-term value.

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 $6,000,000
Price Per Unit $1,000,000
Sale Type Investment
Cap Rate 9.55%
Sale Conditions Bulk/Portfolio Sale
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Townhome
Lot Size 0.42 AC
Building Size 19,418 SF
Average Occupancy 0%
No. Stories 4
Year Built 2024
Parking Ratio 0.62/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 071-14-2J-003-00
  • 071-14-2J-008-00
  • 071-14-2J-011-00
  • 071-14-2J-001-00
  • 071-14-2J-004-00
  • 071-14-2J-005-00
  • 071-14-2J-010-00
  • 071-14-2J-006-00
  • 071-14-2J-007-00
  • 071-14-2J-009-00
Land Assessment
$195,000 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$195,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code CS ((Commercial Service, intended for a wide range of commercial service related uses including low intensity manufacturing and storage facilities))
CS ((Commercial Service, intended for a wide range of commercial service related uses including low intensity manufacturing and storage facilities))
  • Listing ID: 32907765

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 1200 Brick Church Pike, Nashville, TN 37207

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}