Share This Listing

Message

948 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Huge Equity Potential
  • Fenced Community
  • Less than 10 mins to Downtown Nashville
  • Dog Park

Executive Summary

5 RENTAL UNITS. Turn-key investment opportunity to acquire a like-new, 5-home portfolio in one bulk transaction. The 5 units are leased. Constructed in 2023 and 2024 by an established local builder, these homes represent some of the newest single-family rental product on the market in Middle Tennessee—delivering instant income, virtually zero deferred maintenance, and multiple years of built-in rent growth in a fast-appreciating submarket of Nashville. 304, 306,311, 319, 329 Sophia Rain Drive is the addresses for the listed portfolio.
This property offers a 1031 exchange opportunity and is well-suited for corporate or long-term rentals. The community is newly developed and recently completed. Additionally, there is a Phase 2 planned to break ground in Q1 2026 offering significant equity growth potential for early investors.

Taxes & Operating Expenses (Actual - 2024)

Annual
Gross Rental Income $260,880
Other Income -
Vacancy Loss -
Effective Gross Income $260,880
Net Operating Income -

Taxes & Operating Expenses (Actual - 2024)

Gross Rental Income
Annual $260,880
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $260,880
Net Operating Income
Annual -

Property Facts

Price $2,750,000
Price / SF $339.84 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 5.50%
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 8,092 SF
Total Land Area 3.49 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
311 Sophia Rain Dr, Nashville, TN 37218 Land 0.03 AC - -
304 Sophia Rain Dr, Nashville, TN 37218 Multifamily 2,222 SF 2023 -
Cato Cottages
329 Sophia Rain Dr, Nashville, TN 37218
Multifamily 2,222 SF 2024 -
306 Sophia Rain Dr, Nashville, TN 37218 Multifamily 1,824 SF 2023 -
319 Sophia Rain Dr, Nashville, TN 37218 Multifamily 1,824 SF 2024 -
Show More > < Show Less
  • Listing ID: 33005807

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 5 Homes Available for Purchase, Nashville, TN

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}