2607 Jefferson St Nashville, TN 37208
- Commercial real estate
Current Use by Public Records
- Massage Magic / Massage Spa
Property Details for 2607 Jefferson St
- Year built
- 1963
- Property type
- Commercial real estate
Description
This exceptional 12-unit apartment building, Jefferson Flats, presents a compelling investment opportunity in the heart of Nashville, Tennessee. Located at 2607 Jefferson St, in Davidson County, zip code 37208, this two-story, 7,330 square foot building boasts a 100% occupancy rate. Completely renovated in 2023, the property features twelve units, each equipped with in-unit washer/dryer hookups and new appliances. Recent capital expenditures included the installation of new HVAC systems, along with comprehensive repairs and upgrades to plumbing and electrical systems. Built in 1963, this Class B multifamily property offers a stabilized investment profile with a current Net Operating Income (NOI) of $127,646 and a pro-forma NOI of $134,026, resulting in a current cap rate of 6.01% and a pro-forma cap rate of 6.31%. The asking price is $2,125,000, translating to $177,083.33 per unit. Its prime downtown location, just three miles from Capitol Hill and Broadway, makes it ideally suited for both traditional rentals and short-term rentals such as Airbnb, offering significant long-term upside potential. A Fannie/Freddie SBL debt quote is available upon request. This property represents a rare opportunity to acquire a fully renovated, high-performing asset in Nashville's thriving real estate market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.8174447
- Latitude
- 36.167834
