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Property profile & analytics
OFF-MARKET
Commercial real estate

200 Palestine Ave Nashville, TN 37115

8,500 SF Built 1984
Property ID
US80-3288473
Property summary
AI-generated overview

This exceptional multifamily investment opportunity presents a well-maintained 10-unit apartment building located at 200 E Palestine Ave, Nashville, TN 37115, within Davidson County. The property, comprised of three two-story buildings, totals 8,500 square feet and sits on a 0.27-acre lot. Constructed in 1984 and extensively renovated in 2021, this Class C multifamily property offers significant upside potential. Each of the ten units boasts two bedrooms and one and a half bathrooms, catering to a high-demand rental market. The property's strong performance is reflected in its attractive 5.80% capitalization rate. Situated in a rapidly growing area with high rental demand due to its proximity to Nashville, this investment offers a compelling blend of immediate income generation and long-term appreciation. The recent renovations minimize maintenance concerns, ensuring a smooth transition for the new owner. This is an ideal opportunity for investors seeking a stable, cash-flowing asset in a thriving market. The property's location provides convenient access to Nashville's amenities and employment centers, further enhancing its appeal to renters. The modernized units and minimal maintenance requirements contribute to a low-risk, high-reward investment profile. This is a turnkey opportunity ready for immediate income generation.

Property profile
Verified
Property type Commercial real estate
Year built 1984
Total area 8,500 SF
UPID US80-3288473
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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