
Nashville, TN 37212
This Strong Value Opportunity is a turnkey NOO STR Asset listed at $539,900, positioned well below the $585,169 Fair Market Value by 7%. This valuation gap provides $45,269 in Instant Equity. Featuring an Excellent Condition Rating (2024 build) and a rare oversized private patio, this unit is optimized for high-occupancy short-term rentals. With transferable 5-star reviews and professional management in place, this is a high-performance acquisition ideal for Buy-and-Hold Investors or Passive Income Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1014 16th Ave S 104 Subject | $539,900* List Price | 1 | 1 | 741 | $790 | - |
A 1014 16th Ave S 211 Sold | $565,000 | 2 | 1 | 673 | $840 | 0.0 mi |
B 1014 16 Ave S 411 Active | $539,900 List Price | 2 | 1 | 673 | $802 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a new construction built in 2024, meeting the criteria for excellent condition. The kitchen features modern white cabinetry, stone countertops, and stainless steel appliances. All systems (HVAC, Electric) are brand new, and the interior finishes are in mint, turnkey condition with no maintenance required.
Situated in the iconic Music Row, this NOO STR eligible property offers high demand and walkable access to Nashville's premier dining and entertainment, ensuring strong occupancy rates.
The unit is sold fully furnished with transferable 5-star reviews and future bookings, providing a seamless transition and immediate cash flow for the new owner.
As one of the largest 1BR units in the building, it features a rare oversized private patio with a custom shuffleboard, significantly enhancing guest experience and market differentiation.
The monthly association fee of $505 is relatively high for a one-bedroom unit, which may impact the net operating income and overall yield for investors.
At 741 square feet, the compact one-bedroom layout is highly optimized for short-term guests, potentially limiting its appeal to long-term owner-occupants or larger families.
Turnkey 1BR NOO STR in Iconic Music Row with Instant Income and Equity. Step into a prime Music Row location with this fully furnished short-term rental, comfortably sleeping four. One of the largest one-bedroom units in the building, this rare condo features an oversized private patio and custom shuffleboard, creating a standout guest experience that continues to drive strong reviews and repeat bookings. The property has demonstrated consistent STR income and currently holds all 5-star reviews, offering immediate credibility and performance for the next owner. It is competitively priced below comparable units on a price-per-square-foot basis, presenting a compelling value opportunity in a high-demand corridor. Residents and guests enjoy walkable access to Nashville’s top dining, coffee, and entertainment, further enhancing its desirability and booking potential. The unit is being sold fully furnished and is ready to generate income from day one. Located in a quiet, upscale building, the community offers a pool, rooftop patio, fitness center, workspace, secured parking, and 24-hour security. For added investor value, buyers who continue with the current property management team will benefit from a seamless transition, including the ability to retain existing 5-star reviews and future bookings—allowing for immediate, uninterrupted revenue upon closing. The seller will also cover the remaining HOA fees for 2026, providing additional upfront savings. This is a rare opportunity to secure both strong cash flow and long-term appreciation in one of Nashville’s most desirable and proven STR locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 741 | - |
| Lot Size | 871 | - |
| Price | $539.9K | $403.0K |
| Price per sq ft | $729 | $378 |
| Built year | 2024 | 0 |
| HOA | $505 | $0 |
| Days on market | 17 | 193 |
Jul 5, 2026
$539,900
Initial Listing