400 Douglas Ave - Multi-Family FOR SALE


Nashville, TN 37207- East Nashville
$10,000,000 USD
615-881-5529
400 Douglas Ave, Nashville, TN for Sale
$10,000,000 USD
Multi-Family - FOR SALE
1/19
null | 4.66% Cap Rate

400 Douglas Ave
Nashville, TN 37207
East Nashville


HIGHLIGHTS

  • Status: Fully operational STR portfolio, compliant with local regulations
  • Amenities: Modern furnishings, turnkey setups, professional management, walkable to retail, dining, and entertainment.
  • Market Overview East Nashville benefits from strong tourism, a thriving local culture, and consistent population growth

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$623 USD /SF

# OF UNITS

17

PRICE/UNIT

$588,235

CAP RATE

4.66%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

22

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MUL-A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Pete JonesCOMPASSMore Info
615-881-5529

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

Pete JonesCOMPASSMore Info
615-881-5529

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