Exclusive Nashville Rental Portfolio Specialty FOR SALE


Nashville, TN - The Nations
$2,940,000 USD
305-924-8551
, Nashville, TN for Sale
$2,940,000 USD
Specialty - FOR SALE
1/17
null | 5.35% Cap Rate

Exclusive Nashville Rental Portfolio
Nashville, TN
The Nations


HIGHLIGHTS

  • $188,400 GSR | $157,347 NOI | 5.35% cap rate
  • Priced at 97.3% of 2026 Davidson County appraised value
  • Private rooftop deck on every home, 1,756 SF outdoor living total
  • Four separately deeded new-construction homes, adjacent on one street

OVERVIEW

A rare chance to acquire an entire block of new construction in The Nations, West Nashville's most active infill corridor. Four separately deeded residences stand side by side on one street: 6204 A, 6204 B, 6206 A and 6206 B Morrow Road, built 2022-2023. The economics are unusually clean. The portfolio produces $188,400 in annual gross scheduled rent against operating expenses of $31,053, which are property taxes and insurance and nothing else. Tenants pay all utilities, landscaping and pest control, there is no HOA on any parcel, and the portfolio transfers free of any management contract. Net operating income is $157,347, a 5.35% cap rate. A self-managing buyer underwrites to 4.56% and a fully institutional structure to 4.07%, both modeled in the offering memorandum. The four homes comprise 12,124 SF of interior area across 16 bedrooms, with quartz kitchens, marble baths and linear fireplaces. Each has its own private rooftop deck with skyline views, 1,756 SF of outdoor living across the portfolio, and that private outdoor space is what tenants here pay a premium for. The Nations has gone from industrial district to one of Nashville's most sought-after neighborhoods in a decade, and it is now where the city's new construction is concentrated. Residents walk to L&L Market and the brewery and dining corridor on 51st Avenue, Sylvan Park and Centennial Park are minutes away, downtown is a short drive via TN-155, and Google Fiber serves the street. Four parcels and four deeds mean the portfolio can be acquired in one transaction, then held whole, refinanced individually, or sold down over time. One site visit covers four assets. Offered at $2,940,000, roughly 97.3% of combined 2026 Davidson County appraised value, with three of the four priced below their individual appraisal. 1031 exchange and DSCR portfolio financing welcome. One of the listing agents is a relative of the seller.

ASK ABOUT THIS PROPERTY

Aleyna BozoklarThe AgencyMore Info
305-924-8551

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Aleyna BozoklarThe AgencyMore Info
305-924-8551

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