Atrium Flats 2425 Atrium Way 123 Unit Apartment Building $15,375,000 ($125,000/Unit) Nashville, TN 37214

SVN | Accel Commercial Real Estate is proud to present Atrium Flats, a newly renovated 123-unit multifamily community ideally positioned in the Merry Oaks neighborhood of Nashville, Tennessee. Atrium Flats delivers modern, efficient housing in one of the city’s fastest-growing submarkets, strategically located between Downtown Nashville, the airport corridor, and Donelson. Purposefully designed for Nashville’s evolving renter demographic, Atrium Flats offers a mix of studio, one-bedroom, and two-bedroom units averaging 354 square feet, combining contemporary finishes with functional layouts that cater to working professionals, students, and service-sector tenants seeking high-quality living at attainable price points.
Immediate Upside: Recently approved by MDHA for voucher program - implementation allowing potential increases to rents for studios to $1602, one bedrooms to $1665 and two bedrooms to $1845.
Newly Renovated (2024): Atrium Flats offers investors a true turnkey opportunity with minimal near-term capital needs.
Strong Rent Positioning: Current asking rents average $1,063 ($3.05/SF) — well below submarket averages of $1,438 ($3.21/SF) offering significant upside as lease-up stabilizes.
High-Demand Micro-Unit Concept: Studio and one-bedroom units comprise over 95% of the property mix, aligning with Nashville’s surging demand for attainable, efficient housing.
Professional Management: Operated by Elmington Property Management, one of the region’s leading multi-family operators.
Excellent Connectivity: Located just off Briley Parkway and Elm Hill Pike, within 10 minutes of Downtown Nashville, Opry Mills, and Nashville International Airport.