237 Ocala Dr, Nashville, TN 37211, Nashville, 37211 - 0 bed, 0 bath
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Nashville, TN 37211
This Duplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $450,000—positioned slightly above the $442,646 Fair Market Value. While the property lacks an equity discount, its Fair Condition Rating and status as a turnkey rental with long-term tenants provide immediate, stable cash flow. The absence of association fees maximizes net operating income, while the proximity to Cole Elementary School ensures consistent tenant demand. This is a reliable, low-maintenance acquisition ideal for Buy-and-Hold Investors or Passive Income Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 237 Ocala Dr Subject | $450,000* List Price | 0 | 0 | 1,650 | $268 | - |
A 504 Cedarview Dr Active | $389,900 List Price | 0 | 0 | 1,512 | $258 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this 50-year-old duplex falls into the Fair category due to its age. While the exterior shows good maintenance with updated vinyl windows and a newer architectural shingle roof, the 'no work needed' description for long-term tenants typically implies functional but dated interiors. Without evidence of a full renovation within the last 15 years, the kitchen, baths, and core systems are likely past their primary design life.
The property is marketed as requiring no immediate work and includes long-term tenants, providing a seamless transition and immediate cash flow for an investor.
With no association fees, the owner can maximize net operating income and avoid the complexities of HOA regulations and additional monthly costs.
Situated within walking distance (0.49 miles) of Cole Elementary School, the property is well-positioned for families, which helps maintain high rental demand.
The property has been active for 260 days, which may indicate that the listing price is not aligned with current market expectations or that there are underlying buyer concerns.
The assigned high school has a low rating of 2, which could limit the property's appeal to long-term family tenants and potentially impact future appreciation.
Fantastic investment opportunity. No work needed, long term tenants.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades K-5 • 1.9 mi
Grades 5-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,650 | 2,244 | 17% |
| Lot Size | - | - | 50% |
| Price | $450.0K | $399.4K | 50% |
| Price per sq ft | $273 | $191 | 83% |
| Built year | 1974 | 1974 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 262 | 255 | 67% |
Sep 17, 2025
$450,000
Initial Listing