1705 Luton St - The Grove at Meridian
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1705 Luton St - The Grove at Meridian
1.97 Acres of Commercial Land Offered at $3,600,000 in Nashville, TN 37207
Executive Summary
AiCRE Real Estate is pleased to present The Grove at Meridian, a 64-unit Residential Project in the heart of East Nashville. The property at 1705 Luton Street in Nashville, TN, represents a prime investment opportunity in the rapidly growing East Nashville area. The project consists of 64 units, including 10 single-family homes and 54 condos, all fully entitled and shovel-ready. This development offers builders a turnkey opportunity to capitalize on the demand for new housing in one of Nashville's most desirable neighborhoods.
See Offering Memorandum for details.
See Offering Memorandum for details.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 AC | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $3,600,000 | Lot Size | 1.97 AC |
| Price Per AC | $1,827,411 |
| Price | $3,600,000 |
| Price Per AC | $1,827,411 |
| Lot Size | 1.97 AC |
Parcel ID Parcel Address 07107016800 -1709 LUTON ST 07107018500 -1804 MERIDIAN ST 07107016700 -1707 LUTON ST 07107018600 -1802 MERIDIAN ST 07107016600 -1705 LUTON ST 07107018700 -1706 MERIDIAN ST
Description
Six parcel assemblage.
1 of 1
zoning
| Zoning Code | Specific Plan (Specific Plan (SP) is a zoning district which provides additional flexibility to create developments that meet goals and objectives) |
| Specific Plan (Specific Plan (SP) is a zoning district which provides additional flexibility to create developments that meet goals and objectives) |
-
Jonathan Hawks -
Aicre Real Estate
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1705 Luton St - The Grove at Meridian
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