Renovated Multifamily Community in
2425 Atrium Way Nashville, TN 37214
For Sale
$15,375,000
Newly renovated 123-unit multifamily community in Nashville, Tennessee.
Days on Market149
Property Features for 2425 Atrium Way
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1985
Listing Agency:
SVN | Accel Commercial Real Estate
(731) 613-5487
Listed By:
Kunal Patel, CCIM
(731) 613-5487
Source:
Accelcre
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 25 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Accel Commercial Real Estate
Investment Insights
Based on property information with market context.
Atrium Flats is a newly renovated 123-unit multifamily community located in the Merry Oaks neighborhood of Nashville, Tennessee. The property is strategically positioned between Downtown Nashville, the airport corridor, and Donelson. The community offers a mix of studio, one-bedroom, and two-bedroom units averaging 354 square feet. These units combine contemporary finishes with functional layouts. The property is designed to cater to working professionals, students, and service-sector tenants. The property was recently approved by MDHA for a voucher program, with potential rent increases for studios to $1602, one bedrooms to $1665, and two bedrooms to $1845. The property was newly renovated in 2024, presenting a turnkey opportunity. Current asking rents average $1,063 ($3.05/SF), below submarket averages of $1,438 ($3.21/SF). Studio and one-bedroom units comprise over 95% of the property mix. The property is operated by Elmington Property Management. It is located just off Briley Parkway and Elm Hill Pike, within 10 minutes of Downtown Nashville, Opry Mills, and Nashville International Airport.
Key Highlights
- Newly renovated in 2024, offering a turnkey investment.
- Approved for Section 8 voucher program, allowing potential rent increases.
- Located in the rapidly growing Merry Oaks neighborhood.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nashville Airport Inn ...
Hotel & Motel
Nashville Airport Inn ...
Hotel & Motel
Ramada Nashville-Atrium Way
Hotel & Motel
Atrium Flats
Apartment Complex
Hotel - Cynthia
Hotel & Motel
FAQs
What type of property is this?
Apartment building - Newly renovated 123-unit multifamily community in Nashville, Tennessee.
Where is this apartment building located?
The property is located at 2425 Atrium Way Nashville, TN.
What is the asking price?
The asking price for this property is $15,375,000.
What are key features of this property?
This property features: Newly renovated in 2024, offering a turnkey investment.; Approved for Section 8 voucher program, allowing potential rent increases.; Located in the rapidly growing Merry Oaks neighborhood.
