3509 Charlotte Ave - Multi-Family FOR SALE


Nashville, TN 37209- Sylvan Heights
$39,500,000 USD
615-475-5616
3509 Charlotte Ave, Nashville, TN for Sale
$39,500,000 USD
Multi-Family - FOR SALE
1/32
null | 10% Cap Rate

3509 Charlotte Ave
Nashville, TN 37209
Sylvan Heights


HIGHLIGHTS

  • Non-Owner-Occupied Short-Term Rental eligible, supporting both short- and mid-term rental income
  • Entire-building offering, providing full control, scale, and simplified management
  • Secured garage parking for owners and guests
  • Rooftop deck designed for gathering, views, and premium guest experience
  • On-site workout room, wellness center and pool to support higher nightly rates and longer stays
  • Professionally designed units with high-end, durable finishes and efficient layouts

OVERVIEW

Now offering the opportunity to purchase the entire building in Sylvan Heights, Nashville — a newly constructed, 46 unit Non-Owner-Occupied Short-Term Rental eligible asset located in one of Nashville’s fastest-growing corridors. This project was purpose-built to generate both short- and mid-term rental income. It features high-end, durable finishes, efficient layouts, and strong street presence, along with a secured garage, rooftop deck, on-site workout room, pool, and wellness center—amenities that support premium rental rates and guest demand. The building offers walkable access to retail, dining, and major Nashville attractions. Charlotte Avenue continues to benefit from significant public and private investment, making this a compelling long-term hold in a proven growth corridor. Key highlights include: • New construction with modern systems • Secured garage parking • Rooftop deck designed for gathering and views • Dedicated workout room, wellness center and pool • Professionally designed units built for durability and longevity • Strong rental demand driven by location, accessibility, and surrounding development • Ideal for investors seeking scale, control, and simplified management through single-asset ownership Bonus Depreciation Advantage: The building is eligible for cost segregation, allowing buyers to accelerate depreciation and capture substantial first-year tax benefits. For qualified investors, this can create meaningful paper losses to offset active or passive income while maintaining strong underlying fundamentals. This is a rare opportunity to acquire an entire, newly built asset in a corridor where replacement costs continue to rise and supply remains constrained. Full financials, construction details, and tax strategy overview available upon request.

FOR SALE DETAILS

PRICE

$39,500,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

46

PRICE/UNIT

$858,696

CAP RATE

10%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hayden Mansion

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CS

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Erin TunneyCompassMore Info
615-475-5616

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Erin TunneyCompassMore Info
615-475-5616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.