505K Wedgewood Ave Nashville, TN 37203
- Serviced apartments
- 2,178 SF
Current Use by Public Records
- Serviced apartments
Property Details for 505K Wedgewood Ave
- Year built
- 2018
- Property size
- 2,178 SF
- Property type
- Serviced apartments
- Property subtype
- Mixed-use properties
Description
This fully furnished, three-story, 2,178 square foot short-term rental property in Nashville's Wedgewood Houston neighborhood presents a lucrative investment opportunity. Located at 505K Wedgewood Ave, this 2018-built home boasts three bedrooms and 3.5 bathrooms, comfortably sleeping ten guests, as permitted. The property includes a two-car garage converted into a game room, adding to its appeal. A private balcony offers guests a relaxing space. Its prime location offers easy access to Geodis Park, numerous restaurants and bars, and is just 1.5 miles from downtown Nashville and 7.1 miles from Nashville International Airport (BNA). The property is zoned CS, allowing for both short-term rentals and small businesses. Currently operating as a successful short-term rental, it features a 65% occupancy rate, significantly improved since professional management began May 1, 2024. A proforma is available upon request, showcasing the property's strong financial performance. The asking price is $945,000, translating to $434 per square foot. All appliances, fixtures, furniture, and furnishings are included in the sale. The property has two parking spaces. The seller will close with City Title LLC. Showings must be scheduled around existing bookings. Buyer and buyer's agent are responsible for verifying all information. A pre-approval is required with any offer.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7659
- Latitude
- 36.1327
