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910 Main St 8 Unit Apartment Building $1,299,000 ($162,375/Unit) Nashville, TN 37206
INVESTMENT HIGHLIGHTS
- Main Street location close to downtown Nashville, Five Points, and I-24
- Minutes from new Nissan Stadium and Oracle's future riverfront campus
- Front building is 1,970 SF and rear building is 760 SF
- MUG-A zoning allows for many approved uses and 3.0 FAR; see attached feasibility study
- Tenants are month-to-month allowing for covered land play scenario
- New roofs on all buildings
EXECUTIVE SUMMARY
910 Main St is an eight-unit apartment complex in the heart of East Nashville, 1/2 mile to Five Points. Four of the eight units are currently rented on verbal, month-to-month leases, offering flexibility for renovation or redevelopment. The property's Mixed-Use General (MUG-A) zoning allows for a variety of institutional, medical, education, commercial, and other approved uses. The FAR permitted is 3.0, or 21,600 SF for this property, and the max height is five stories, or 75 feet. A four or five story apartment building could be constructed with around 20 apartments. See attached Feasibility Study.
PROPERTY FACTS Under Contract
| Price | $1,299,000 | Building Class | C |
| Price Per Unit | $162,375 | Lot Size | 0.16 AC |
| Sale Type | Investment or Owner User | Building Size | 3,012 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2.32/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MZ - MULTI-ZONE | ||
| Price | $1,299,000 |
| Price Per Unit | $162,375 |
| Sale Type | Investment or Owner User |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,012 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 2.32/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MZ - MULTI-ZONE |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 082-12-0-318 | Improvements Assessment | $2,400 |
| Land Assessment | $288,000 | Total Assessment | $290,400 |
PROPERTY TAXES
Parcel Number
082-12-0-318
Land Assessment
$288,000
Improvements Assessment
$2,400
Total Assessment
$290,400
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910 Main St
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