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2425 Atrium Way
Nashville, TN 37214
Atrium Flats · Multifamily Property For Sale
·
123 Units
Investment Highlights
- Immediate Upside: Recently approved by MDHA for voucher program - implementation allowing potential increases to rents for studios to $1602, one bedr
- Strong Rent Positioning: Current asking rents average $1,063 ($3.05/SF) — well below submarket averages of $1,438 ($3.21/SF)
- Professional Management: Operated by Elmington Property Management, one of the region’s leading multi-family operators.
- Newly Renovated (2024): Atrium Flats offers investors a true turnkey opportunity with minimal near-term capital needs.
- High-Demand Micro-Unit Concept: Studio and one-bedroom units comprise over 95% of the property mix
- Excellent Connectivity: Located just off Briley Parkway and Elm Hill Pike, within 10 minutes of Downtown Nashville, Opry Mills, and BNA
Property Facts
| No. Units | 123 | Lot Size | 2.62 AC |
| Property Type | Multifamily | Building Size | 66,608 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.18/1,000 SF |
| Zoning | MUL-NS | ||
| No. Units | 123 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.62 AC |
| Building Size | 66,608 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | MUL-NS |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Concierge
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Security System
- Furnished Units Available
- Grill
- Package Service
- Pet Play Area
- Planned Social Activities
- Renters Insurance Program
- Wi-Fi
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
- Lounge
- Maintenance on site
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 26 | - | 241 |
| 1+1 | 85 | - | 366 - 675 |
| 2+2 | 12 | - | 556 |
Property Taxes
| Parcel Number | 095-10-0-128 | Improvements Assessment | $5,972,760 |
| Land Assessment | $821,720 | Total Assessment | $6,794,480 |
Property Taxes
Parcel Number
095-10-0-128
Land Assessment
$821,720
Improvements Assessment
$5,972,760
Total Assessment
$6,794,480
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