
N, Nashville, TN 37201
This High-Potential Investment Opportunity is a turnkey, short-term rental asset listed at $595,000, positioned well below the $597,474 Fair Market Value by 0.4%. Featuring a Condition Rating of 2, this unit offers a modern open floor plan, designer finishes, and panoramic skyline views. With its prime location near the upcoming East Bank pedestrian bridge, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand, income-generating asset in the heart of Nashville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1002 1st Ave Subject 2 bd · 2 ba · 996 sqft · $600 | $595,000* List Price | 2 | 2 | 996 | $600 | - |
A 934 1st Ave N Sold 2 bd · 2 ba · 996 sqft · $596 · 0.0 mi | $594,000 | 2 | 2 | 996 | $596 | 0.0 mi |
B 926 1st Ave N Active 2 bd · 2 ba · 996 sqft · $601 · 0.0 mi | $598,900 List Price | 2 | 2 | 996 | $601 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1986, the property has undergone a recent extensive renovation (<5 years ago) including new flooring, updated bathrooms with new vanities and toilets, and an opened-up kitchen with new countertops and backsplash, making it a turnkey, move-in ready condition.
Situated in the Riverfront area, this property boasts exceptional walkability to Downtown Nashville, Germantown, and the Farmers Market, ensuring high demand for short-term guests and residents alike.
As a fully operating and recently updated short-term rental with a modern open floor plan and designer finishes, the unit offers immediate revenue potential without the need for initial renovations.
The upcoming pedestrian bridge connecting the East Bank Development to Downtown, slated for 2028, is a major infrastructure improvement that will likely drive significant long-term property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1292.
The monthly association fee of $591 is relatively high for a unit under 1,000 square feet, which may impact the net operating income and overall cash flow for investors.
The kitchen cabinets are currently awaiting painting, which may present a minor inconvenience for buyers seeking a 100% finished product at the moment of closing.
Turnkey Operating STR. Walkable to Downtown, Riverfront Park, Nashville Farmers Market, First Horizon Park, Germantown, and lots of Restaurants! The pedestrian bridge to be built connecting the East Bank Development to Downtown will go in next to this building and is slated to begin construction in Fall 2028. Amenities include pool, fitness center, laundry facilities, fire pit, and covered parking.With a modern open floor plan you can comfortably host guests in one of the largest units in this development. It has 2 generous bedrooms and 2 full bathrooms with lots of storage and counter space. The home is fresh and updated with designer wallpaper, colors and furnishings. There are too many updates to list including new flooring, vanities, toilets, removed wall to open up kitchen, new countertops, backsplash, replaced upper cabinets with modern shelving, etc. Please see attached list of full improvements. The sellers have plans to paint the kitchen cabinets as soon as they have a break in bookings. A rendering of what the kitchen will look like once this is done has been included in the media.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 996 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $595.0K | $347.6K |
| Price per sq ft | $597 | $343 |
| Built year | 1986 | 2007 |
| HOA | $591 | $334 |
| Days on market | 46 | 92 |
Sep 8, 2026
$595,000
Initial Listing