270 Tampa Dr B3, Nashville, TN 37211, Nashville, 37211 - 2 bed, 2 bath
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Nashville, TN 37211
This Turn-key Rental Asset represents a Strong Value Opportunity with a List Price of $120,000—positioned well below the $131,269 Fair Market Value by 8%. This valuation gap provides $11,269 in Instant Equity for the incoming owner. Boasting a High-Quality Condition Rating, the property features a 2024 HVAC, 2025 kitchen appliances, and a private patio. Currently tenant-occupied at $1,600/month, the unit delivers immediate cash flow and a high gross yield. This is a strategic acquisition for Buy-and-Hold Investors or first-time investors seeking a low-maintenance, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 270 Tampa Dr B3 Subject | $120,000* List Price | 2 | 2 | 1,152 | $114 | - |
A 320 Welch Rd G5 Active | $128,500 List Price | 2 | 1 | 963 | $133 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1971, the property has undergone extensive recent renovations within the last 5 years, including a new HVAC (2024), water heater, and kitchen appliances (2025). Visuals confirm modern LVP flooring, updated recessed lighting, and a fully remodeled bathroom with contemporary tile surrounds and fixtures, meeting the criteria for a high-quality, turn-key renovation.
With a monthly rental income of $1,600 against a $120,000 list price, this property offers a high gross yield, making it an ideal opportunity for immediate cash flow.
The property features significant recent updates including a new HVAC system (2024), a new refrigerator (2025), a new stove, and a new water heater, reducing immediate maintenance costs.
Being tenant-occupied with major appliances included (washer/dryer) and recent mechanical updates, this is a true turn-key investment with minimal setup required for the buyer.
Constructed in 1971, the property may require ongoing attention to older structural elements or common area maintenance typical of a 50-year-old condominium complex.
The property is zoned for schools with lower performance ratings (2/10 and 3/10), which could limit the long-term appreciation potential and appeal to family-oriented tenants.
Investor special! Affordable price point with immediate cash flow potential. This property is tenant-occupied, generating $1,600/month in rental income. A great opportunity for both first-time and experienced investors, this is a true turn-key investment with the major updates already completed. Recent updates include HVAC (2024), refrigerator (2025), new stove (not reflected in photos), and new water heater. Washer and dryer remain. Special condo financing options may be available, contact listing agent for details. Certain images are virtually staged to illustrate the property’s potential; furnishings shown are not included with the property.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 1.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 1,152 | 918 | 80% |
| Lot Size | 436 | 871 | 40% |
| Price | $120.0K | $167.7K | 27% |
| Price per sq ft | $104 | $183 | 27% |
| Built year | 1971 | 1984 | 20% |
| HOA | $310 | $225 | 80% |
| Days on market | 31 | 283 | 7% |
Mar 23, 2026
$120,000
Initial Listing