426 Iris Dr Nashville, TN 37204
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.
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Distinctive Landscape Inc Landscaping General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.