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10 townhome community near downtown nashville 516 19th Ave N 10 Unit Apartment Building $2,750,000 ($275,000/Unit) Nashville, TN 37203
Investment Highlights
- Built in 2000 (Original Developer Ownership)
- Opportunity to Modernize Units
- 100% Occupied
- Condo Conversion Optionality
Executive Summary
This 10-unit townhome portfolio presents a rare investment opportunity in Nashville. Built in 2000 and offered by the original developer, the property consists entirely of spacious 2-bedroom, 2-bath floor plans ranging from 1,100 to 1,300 square feet. Situated on a 1.47-acre site, the community is 100% occupied, providing immediate operational flexibility for a new owner. Investors have the opportunity to implement a comprehensive renovation program and explore condo conversion optionality, creating multiple potential paths to maximize value.
Property Facts
| Price | $2,750,000 | Apartment Style | Townhome |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.47 AC |
| No. Units | 10 | Building Size | 16,066 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1999 |
| Zoning | R6 | ||
| Price | $2,750,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 16,066 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 23 | $1,550 | 1,245 |
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Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 092-08-0-088 | Improvements Assessment | $1,059,280 |
| Land Assessment | $513,600 | Total Assessment | $1,572,880 |
Property Taxes
Parcel Number
092-08-0-088
Land Assessment
$513,600
Improvements Assessment
$1,059,280
Total Assessment
$1,572,880
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