
Nashville, TN 37208
This High-Potential Investment Opportunity is listed at a List Price of $549,999, positioned above the $506,549 Fair Market Value. While currently priced above market, the property functions as a turnkey Buy-and-Hold Investor asset. Featuring a Condition Rating of 3, a 2025 water heater, and included appliances, it minimizes immediate capital expenditures. The rooftop patio with skyline views and open floor plan drive strong tenant demand in the 37208 corridor. This is an ideal acquisition for income-focused investors seeking a stable, performance-ready rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1200 Meharry Blvd Subject 3 bd · 3 ba · 1,600 sqft · $317 | $549,999* List Price | 3 | 3 | 1,600 | $317 | - |
A 1012 Scovel St Sold 3 bd · 4 ba · 1,956 sqft · $291 · 0.3 mi | $569,700 | 3 | 4 | 1,956 | $291 | 0.3 mi |
B 902 Cheatham Pl A Active 2 bd · 3 ba · 1,396 sqft · $322 · 0.4 mi | $449,900 List Price | 2 | 3 | 1,396 | $322 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2015, this property falls into the 10-20 year age bracket. The interior images show a well-maintained, modern open-concept kitchen and clean, functional bathrooms with contemporary fixtures. Additionally, the water heater was recently replaced in 2025, indicating good system maintenance and making it completely move-in ready.
Situated in the high-demand 37208 zip code near Germantown and Capitol View, the property features a rooftop patio with downtown skyline views, a premium amenity that drives strong tenant demand.
This income-producing asset is investor-ready with a 2025 water heater replacement and included appliances (washer/dryer, refrigerator), significantly reducing immediate capital expenditures and turnover costs.
Built in 2015, the home offers a contemporary open floor plan and a fenced backyard, providing a desirable balance of indoor livability and private outdoor space that is rare for the area.
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 = 993.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 1600.
With 160 days on the market, the property has exceeded typical local turnover times, which may indicate a misalignment between the current list price and market expectations.
Attention investors: this current income-producing 3-bedroom, 2.5-bath home in Nashville's 37208 zip code is ready to perform from day one. Located just minutes from Germantown and Capitol View — two of the city's most sought-after neighborhoods — this 1,600 sq ft property offers a rooftop patio with sweeping downtown Nashville skyline views, an amenity that consistently drives strong tenant demand. The open floor plan maximizes livable space, while the fenced backyard and patio add outdoor appeal that keeps units renting fast. Included washer/dryer, refrigerator, and curtains reduce turnover costs, and the water heater was replaced in 2025, trimming near-term maintenance costs. Positioned in one of Nashville's fastest-growing corridors near downtown, this is a rare opportunity to add an already income-producing asset to your portfolio. Curtains, washer/dryer and refrigerator remain with the home. Buyer and buyers agent to verify all information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,600 | 2,045.139 |
| Lot Size | 871 | 10,890 |
| Price | $550.0K | $556.0K |
| Price per sq ft | $344 | $305 |
| Built year | 2015 | 1971 |
| HOA | $0 | $133 |
| Days on market | 188 | 70 |
Apr 19, 2026
$549,999
Initial Listing