426 Iris Dr Nashville, TN 37204
- Residential income homes
- 7,272 SF
- 0.21 lot acres
Current Use by Public Records
- Distinctive Landscape Inc / Landscaper
Property Details for 426 Iris Dr
- Year built
- 2023
- Lot size
- 0.21 lot acres
- Property size
- 7,272 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of four brand-new, fully furnished, luxury short-term rental units in Nashville's desirable Berry Hill neighborhood. Each unit boasts 1,812 square feet, featuring four bedrooms and three bathrooms, and is part of a two-building, three-story complex built in 2023. The 7,272 square foot property sits on a 0.21-acre lot and offers stunning downtown skyline views from its rooftop deck. Private outdoor areas are included with each unit. Currently operating at 100% occupancy, this turnkey investment generates a substantial pro-forma NOI of $61,921, representing a 7.75% cap rate on the $2,990,000 asking price. The property's prime location provides easy access to Nashville's vibrant culinary and entertainment scene. This is an exceptional opportunity to acquire a high-performing, low-maintenance investment property in a rapidly appreciating market. The property is zoned 4Zz. Two parking pads are available. Photos of one unit are available, with photos of the remaining units available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7625
- Latitude
- 36.1145
