2124 Fairfax Ave 212, Nashville, TN 37212, Nashville, 37212 - 1 bed, 1 bath
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Nashville, TN 37212
This Turn-Key Income-Producing Condo in The Cloisters is listed at $252,000, offering a stable acquisition opportunity aligned with its $238,750 Fair Market Value. Maintaining a Condition Rating of 3, the residence features a renovated kitchen with granite countertops, stainless steel appliances, and a private deck. Its strategic location less than one mile from Vanderbilt and Belmont Universities, paired with zoning for the top-rated Eakin Elementary School, drives exceptional rental demand. This professionally managed unit is a premier choice for Buy-and-Hold Investors or Parents of University Students seeking a reliable asset in Nashville’s most coveted submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2124 Fairfax Ave 212 Subject | $252,000* List Price | 1 | 1 | 600 | $398 | - |
A 2601 Hillsboro Pike K2 Sold | $185,000 | 1 | 1 | 600 | $308 | 0.8 mi |
B 2601 Hillsboro Pike B8 Sold | $185,000 | 1 | 1 | 600 | $308 | 0.7 mi |
C 2601 Hillsboro Pike C12 Sold | $195,000 | 1 | 1 | 600 | $325 | 0.7 mi |
D 2601 Hillsboro Pike C9 Sold | $195,000 | 1 | 1 | 600 | $325 | 0.7 mi |
E 900 19th Ave S 507 Sold | $248,000 | 1 | 1 | 550 | $451 | 1.0 mi |
F 2120 Belmont Blvd C1 Sold | $295,000 | 1 | 1 | 571 | $517 | 0.6 mi |
G 2124 Fairfax Ave 106 Active | $230,500 List Price | 1 | 1 | 600 | $384 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern updates that align with the 'Good' condition category. The kitchen has been updated with stainless steel appliances and granite countertops, and the living areas feature contemporary laminate or LVP flooring. While the building was originally constructed in 1974, the interior finishes in the kitchen and bathroom indicate a renovation likely within the last 5 to 15 years. The unit appears well-maintained with no immediate signs of deferred maintenance, making it a functional, turn-key investment.
Located less than a mile from Vanderbilt and Belmont Universities, this property is positioned in Nashville’s most coveted rental zone, ensuring high demand from students and faculty.
The unit is currently leased, professionally managed, and income-producing, offering immediate cash flow and a 'hands-off' ownership experience from day one.
With a location just blocks from Hillsboro Village and 12South, the property offers unbeatable access to premier shopping, dining, and nightlife, significantly boosting its rental appeal.
At 600 square feet, the compact footprint may limit the tenant pool to individuals or couples and offers minimal flexibility for those needing a home office or extra storage.
Built in 1974, the property may face higher long-term maintenance requirements for common areas and exterior elements compared to the newer luxury developments in the surrounding area.
Turn-key, income-producing condo in the absolute epicenter of Nashville’s most coveted rental zone. Currently leased and cash-flowing, this stylish two-bedroom, two-bath unit is professionally managed and meticulously maintained, delivering true hands-off ownership. Located less than one mile from Vanderbilt University, less than half a mile from Belmont University, and just blocks from the restaurants, shops, and nightlife of Hillsboro Village, 12South, and West End, tenants love the open layout, modern finishes, in-unit laundry, assigned parking, and unbeatable walkability to campus, hospitals, and everything that makes this pocket of Nashville irresistible. Perfect for the investor looking to add a reliable performer to their portfolio or a parent securing housing near Vanderbilt or Belmont, this professionally managed condo offers immediate cash flow in one of the city’s strongest submarkets. Ready to close and start collecting rent on day one.
No exterior & parking available.
Grades K-4 • 0.2 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 600 | 704 | 36% |
| Lot Size | 871 | 871 | 50% |
| Price | $252.0K | $270.0K | 44% |
| Price per sq ft | $420 | $384 | 60% |
| Built year | 1974 | 2006 | 32% |
| HOA | $145 | $368 | 8% |
| Days on market | 240 | 224 | 64% |
Aug 26, 2025
$252,000
Initial Listing