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400 Douglas Ave 17 Unit Apartment Building $9,875,000 ($580,882/Unit) 4.72% Cap Rate Nashville, TN 37207
INVESTMENT HIGHLIGHTS
- Status: Fully operational STR portfolio, compliant with local regulations
- Market Overview East Nashville benefits from strong tourism, a thriving local culture, and consistent population growth
- Amenities: Modern furnishings, turnkey setups, professional management, walkable to retail, dining, and entertainment.
EXECUTIVE SUMMARY
The Wanderer East is a prime East Nashville asset featuring 16 fully furnished, short-term rental (STR) residential units and a commercial space in a highly walkable, rapidly growing neighborhood. With STR permits in place, professional management, and a commercial lease opportunity, this property offers stable income and upside potential. Located close to the East Bank Development, Oracle's new campus, and Nissan Stadium, it's in the middle of a burgeoning neighborhood.
Investment Highlights: Rare large-scale urban STR portfolio in Nashville. Immediate income from operations, multiple value-add strategies (rate optimization, reconfiguration, tenanting). Premier location in a high-demand submarket
Why Invest in The Wanderer: Strong, proven cash flow with upside, fully permitted STR units, East Nashville growth trajectory. Professional operations and management in place, sold fully furnished and turnkey.
Investment Highlights: Rare large-scale urban STR portfolio in Nashville. Immediate income from operations, multiple value-add strategies (rate optimization, reconfiguration, tenanting). Premier location in a high-demand submarket
Why Invest in The Wanderer: Strong, proven cash flow with upside, fully permitted STR units, East Nashville growth trajectory. Professional operations and management in place, sold fully furnished and turnkey.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Wi-Fi
- Island Kitchen
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Courtyard
- Picnic Area
- Security System
- Furnished Units Available
- Pet Play Area
- Elevator
- Pet Care
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 15 | - | 980 |
| 3+2 | 1 | - | 1,300 |
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400 Douglas Ave
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