12B Fern Ave, Nashville, TN 37207, Nashville, 37207 - 3 bed, 4 bath
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Nashville, TN 37207
This Non-Owner Occupied Short Term Rental (NOO STRP) Asset represents a High-Potential Investment Opportunity, listed at a List Price of $664,999, which aligns with the $664,999 Fair Market Value. Featuring a Pristine Condition Rating, this property includes an existing STR permit and a massive Rooftop Terrace with Downtown Nashville Skyline Views. With modern finishes and immediate cash flow potential, this unit is a turnkey solution for Buy-and-Hold Investors or Short-Term Rental Operators seeking a high-demand, income-generating property in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12B Fern Ave Subject | $649,999* List Price | 3 | 4 | 2,077 | $313 | - |
A 12 Fern Ave A Active | $799,000 List Price | 3 | 4 | 2,077 | $385 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016 and recently updated, this property is in pristine condition. The kitchen features modern dark cabinetry, high-end stone countertops, and stainless steel appliances. The interior boasts contemporary flooring, exposed wood beams, and updated light fixtures throughout. With a well-maintained rooftop terrace and no visible deferred maintenance, the home meets the highest quality standards for a move-in ready or short-term rental property.
The property is a rare Non-Owner Occupied Short Term Rental (NOO STRP) permitted unit with an existing permit included, offering immediate cash flow potential in a high-demand Nashville market.
Features a massive rooftop terrace providing one-of-a-kind views of the Downtown Nashville skyline, a premium amenity that significantly increases its appeal for short-term guests.
The listing offers substantial financial credits, including a 1% seller credit and a $10,000 preferred lender credit, greatly reducing the upfront closing costs for the buyer.
Maintaining the STR permit requires the buyer to purchase and manage an existing LLC, adding legal and administrative complexity to the transaction compared to a standard home purchase.
Classified as a Stock Cooperative, which may present more restrictive financing options and different ownership rights than traditional fee-simple residential properties.
Seller Offering 1% closing costs credit to Buyer. Non-Owner Occupied Short Term Rental Permitted unit (NOO STRP) located in one of the best Airbnb areas in the City - Fern Avenue. You and your guests can enjoy one-of-a-kind Downtown Nashville Skyline Views from the huge outdoor rooftop/terrace deck! Tons of recent upgrades and updates and ready for immediate cash flow. This listing on Realtracs/MLS is for the purchase of the home located at this address. This home can be purchased along with 12A Fern Ave - MLS # 2794026 - next door and marketed with 2 NOOSTR permits as a 6 Bedroom compound with amenities like no other listing in town. There is an existing NOO STR permit that will be available in its own entity and is included in purchase price. If the Buyer wishes to continue to be able to Airbnb, VRBO, short-term rent and/or operate the STR permit for this property, that LLC will have to be a part of the transaction and planning by the Buyer. Closing for both sides to be coordinated with one title company. Preferred Lender/Broker offering $10,000 credit towards closing costs and/or interest rate buy-down.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,077 | 1,898 | 86% |
| Lot Size | 1,307 | - | 93% |
| Price | $650.0K | $475.0K | 62% |
| Price per sq ft | $313 | $264 | 55% |
| Built year | 2016 | 2025 | 10% |
| HOA | $0 | $175 | 21% |
| Days on market | 249 | 452 | 21% |
Jun 11, 2026
$649,999
$664,995
-2% Price Drop
Initial Listing
Jun 7, 2026
$664,995
$664,999
+0% Price Increase
Initial Listing
Apr 8, 2026
$664,999
$669,995
-1% Price Drop
Initial Listing
Oct 9, 2025
$669,995
Initial Listing