110 Bellevue Rd 16, Nashville, TN 37221, Nashville, 37221 - 3 bed, 2 bath
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Nashville, TN 37221
This High-Potential Investment Opportunity is a 3-bedroom townhouse listed at $244,900, positioned well below the $248,919 Fair Market Value by 1.6%, offering $4,019 in Instant Equity. With a Condition Rating of 4, the unit provides immediate cash flow via a long-term lease through 2026. Featuring a private deck, pool access, and proximity to Edwin Warner Park, this asset is ideal for Buy-and-Hold Investors or passive income seekers prioritizing stable, tenant-occupied rental demand in a quiet, well-connected Nashville suburb.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 110 Bellevue Rd 16 Subject | $244,900* List Price | 3 | 2 | 1,254 | $199 | - |
A 115 Westerly Dr Sold | $275,000 | 2 | 2 | 1,278 | $215 | 0.6 mi |
B 402 Sunvalley W Sold | $272,500 | 2 | 2 | 1,192 | $229 | 0.1 mi |
C 115 Westerly Dr Sold | $275,000 | 2 | 2 | 1,248 | $220 | 0.6 mi |
D 402 Sunvalley W Sold | $272,500 | 2 | 2 | 1,192 | $229 | 0.1 mi |
E 113 Westerly Drive Active | $274,900 List Price | 2 | 2 | 1,264 | $217 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old but has received some mid-life updates. The kitchen features painted cabinets and a mosaic backsplash with functional black appliances, and hardwood flooring is present throughout. However, the overall aesthetic remains dated, and the 'as-is' sale condition suggests that while livable, the unit requires modernization and likely has older systems.
The property allows for a 30-day minimum lease and is sold fully furnished, making it an ideal candidate for mid-term rentals or corporate housing in a desirable Nashville suburb.
Ideally situated just 0.8 miles from Edwin Warner Park and minutes from I-40 and Highway 100, offering residents a perfect balance of nature and urban convenience.
The unit is currently tenant-occupied with a lease through December 2026, providing an investor with guaranteed monthly income of $1,550 from the moment of purchase.
The existing lease commitment until late 2026 prevents immediate owner-occupancy and limits the ability to adjust rental rates to market value for over two years.
Being sold in 'as-is' condition and dating back to 1972, the property may require future capital improvements or modernization to maintain its competitive edge.
Investment opportunity! Bylaw allows minimal 30 days lease, Priced to sell as is, tenant occupaying and furnished 2-story, 3 bedroom, 1.5 bath condo overlooks the swimming pool. Hardwood floor throughout, tile in baths, the upstairs features 3 bedrooms & 1 full bath, the downstairs has a living, dining, kitchen & half bath with a deck at the back of unit backing up to a private treed area. washer & dryer in unit. a king bed in master, a queen bed and a futon in 2nd bed, dinning table and cooking ware in kitchen, a big futon coach in living room, plus much more, parking with plenty of parking spaces, pet friendly, HOA fee that includes: water, trash, pest control, grounds & pool maintenance, in the heart of Bellevue, wooded, quiet and safe community a few minutes to Highway 100 & I-40, Edwin Warner Park (0.8 miles to the park entrance!) & Sam's Playground, & One Place Shopping Center, current tenant pays $1550 monthly and the lease ends on Dec. 31, 2026, Tenant is willing to renew lease or move out after lease ends.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,254 | - |
| Lot Size | 436 | - |
| Price | $244.9K | $354.0K |
| Price per sq ft | $195 | $243 |
| Built year | 1972 | 0 |
| HOA | $335 | $0 |
| Days on market | 38 | 187 |
Jun 15, 2026
$244,900
Initial Listing
Jan 17, 1995
$52,500
Public Record