160 2nd Ave N 207, Nashville, TN 37201, Nashville, 37201 - 3 bed, 2 bath
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Nashville, TN 37201
This Prime NOO STR Investment Asset is listed at $1,585,000, aligning perfectly with its $1,585,000 Fair Market Value. As a luxury redevelopment of a historic loft building, the property carries a Pristine Condition Rating with a projected 2027 completion. The unit offers rare Non-Owner Occupied Short-Term Rental eligibility in Nashville's tourism epicenter, featuring stunning Cumberland River views and high-end amenities like a fitness center with sauna. Despite the extended development timeline, the location's revenue potential is unmatched. This is a sophisticated acquisition for Short-Term Rental Investors or Luxury Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 160 2nd Ave N 207 Subject | $1,585,000* List Price | 3 | 2 | 1,324 | $1,197 | - |
A 160 2nd Ave S 1905 Sold | $1,487,500 | 1 | 2 | 1,171 | $1,270 | 0.0 mi |
B 160 2nd Ave S 1905 Sold | $1,487,500 | 1 | 2 | 1,171 | $1,270 | 0.0 mi |
C 160 2nd Ave S 1903 Sold | $1,308,333 | 1 | 2 | 1,009 | $1,297 | 0.0 mi |
D 160 2nd Ave S 1803 Sold | $1,319,000 List Price | 1 | 2 | 1,009 | 0.0 mi | |
E 160 2nd Ave S 2205 Sold | $1,485,000 | 1 | 2 | 1,171 | $1,268 | 0.0 mi |
F 160 2nd Ave S 2205 Sold | $1,485,000 | 1 | 2 | 1,171 | $1,268 | 0.0 mi |
G 160 2nd Ave N 311 Active | $1,800,000 List Price | 3 | 3 | 1,560 | $1,154 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a comprehensive new development and luxury renovation project of a historic loft building. The units feature brand-new, high-end modern kitchens with premium cabinetry and integrated appliances, designer light fixtures, and contemporary flooring. As a project with an estimated completion in 2027, all components and systems will be new, meeting the highest current quality standards with no deferred maintenance.
The property features rare Non-Owner Occupied Short-Term Rental (NOO STR) eligibility in the heart of Nashville's entertainment district, offering significant income potential for investors.
Situated on historic 2nd Avenue, the unit offers unparalleled access to Broadway and stunning views of the Cumberland River, Nissan Stadium, and the Nashville skyline.
Residents and guests benefit from high-end facilities including a state-of-the-art fitness center with a sauna, multiple public terraces, and a beautiful second-floor atrium.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1324, other record living area = 1587.
With an estimated completion date of April 2027, buyers must account for a lengthy lead time before the property is ready for occupancy or rental income.
The association fee of $993 per month is relatively high, which may impact the overall net return on investment and monthly cash flow.
NOO STR WALK TO BROADWAY! Welcome to The Heritage at Broadway, Nashville’s most exciting NEW short-term rental development. Located on historic 2nd Avenue, just steps from the iconic Broadway, this extraordinary project blends timeless architectural charm with modern luxury. Nestled in the epicenter of Music City, this turn-of-the-century loft building offers a one-of-a-kind experience for both guests and investors. With stunning views of the Cumberland River, Nissan Stadium, and the city skyline—including the iconic “Batman Building" – The Heritage offers an unparalleled location. Enjoy direct access to hundreds of bars, restaurants, and entertainment venues, along with easy connectivity to top attractions like the Titans Stadium and the vibrant riverfront. This is your chance to invest in Nashville’s thriving short-term rental market or secure a luxurious urban retreat. The Heritage consists of 50 non-owner occupied short-term rental eligible units ranging from 1-4 bedrooms, retail space on the first floor, a state of the art fitness center with sauna, business center, indoor-outdoor amenity space on the 5th floor overlooking the Cumberland River and Nissan Stadium, a second public terrace on the 4th floor overlooking 2nd Ave, business center and a BEAUTIFUL 2nd floor atrium! Contact agent for a full list of available units! This building is being renovated on floors 1-3 and floors 4 & 5 will be new construction. Estimated completion date April 2027.
No exterior & parking available.
Grades PK-4 • 1.9 mi
Grades 5-8 • 2.6 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.0 | 89% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,324 | 1,090 | 83% |
| Lot Size | 17,860 | 871 | 94% |
| Price | $1.58M | $883.8K | 94% |
| Price per sq ft | $1.2K | $668 | 67% |
| Built year | 1900 | 2008 | 11% |
| HOA | $993 | $760 | 56% |
| Days on market | 593 | 322 | 78% |
Sep 6, 2024
$1,585,000
Initial Listing