2808 Georgia Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This Turn-Key Income Property represents a High-Potential Investment Opportunity with a List Price of $399,900—positioned well below the $538,473 Fair Market Value by 25%. This significant valuation gap provides $138,573 in Instant Equity. Currently generating $2,300 monthly rental income from a long-term tenant, the asset maintains a Condition Rating of 3 with a newer HVAC and refinished hardwoods. Located in the high-demand City Heights area near Vanderbilt, this is a premier acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2808 Georgia Ave Subject | $399,900* List Price | 2 | 1 | 1,100 | $490 | - |
A 611 28th Ave N Sold | $320,000 | 3 | 2 | 1,249 | $256 | 0.0 mi |
B 611 28th Ave N Sold | $320,000 | 3 | 2 | 1,249 | $256 | 0.0 mi |
C 910 29th Ave N Sold | $299,000 List Price | 3 | 2 | 1,012 | 0.4 mi | |
D 3905 Nevada Ave Sold | $462,500 | 2 | 2 | 1,127 | $410 | 0.9 mi |
E 324 33rd Ave N Sold | $400,000 List Price | 2 | 2 | 1,088 | 0.5 mi | |
F 3923 Alameda St Sold | $435,000 | 3 | 2 | 1,284 | $339 | 1.0 mi |
G 3904 Dakota Ave Active | $425,000 List Price | 2 | 1 | 928 | $458 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turn-key condition, currently supporting a long-term tenant. Despite being built in 1975, it features significant maintenance updates including a newer HVAC system (approximately 2 years old) and professionally refinished original hardwood floors. The interior shows well with clean paint and functional fixtures, meeting the criteria for a well-maintained home where major systems are functional and no immediate renovations are required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1100.
The property is a turn-key investment currently generating $2,300 per month in rental income from a long-term tenant, providing stable returns from the date of purchase.
Situated in the City Heights area, the home is just five minutes from downtown Nashville and conveniently close to Vanderbilt University and Saint Thomas Hospital, ensuring high demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 999. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The requirement of no showings until after an accepted offer limits the buyer's ability to perform initial physical due diligence and may deter non-investor buyers.
With only two bedrooms and one bathroom, the property's layout may limit its appeal to larger families or tenants seeking more modern multi-bath accommodations.
Investors Special: Turn-Key Investment Opportunity with Immediate Cash Flow! Property is tenant-occupied with a long-term tenant currently paying $2,300/month, providing immediate and stable rental income from day one. Amazing Location in the CITY Heights area of Nashville. Only 5 minutes to downtown. Close to Vanderbilt, and Saint Thomas Hospital. NO SHOWING until After accepted OFFER! HVAC couple years old, Original refinished Hardwood floors. Buyers Agent is to verify all important information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,100 | 1,640 | 18% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $399.9K | $525.0K | 32% |
| Price per sq ft | $364 | $342 | 60% |
| Built year | 1975 | 1960 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 688 | 0% |
Mar 1, 2026
$399,900
Initial Listing