320 Welch Rd R3, Nashville, TN 37211, Nashville, 37211 - 1 bed, 1 bath
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320 Welch Rd R3
Nashville, TN 37211
ACTIVE
CONDITION: POOR
1Beds
1Baths
683Sq Ft
871Lot Size
Property Price
LIST PRICE$105,000
EST. MARKET VALUE
$104,064
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $105,000—positioned well below the $104,065 Fair Market Value (priced at market). With a Condition Rating of 5, this asset requires a full interior rehab, offering significant upside for forced appreciation through modernization. The unit is currently tenant-occupied, providing immediate cash flow for Buy-and-Hold Investors. Given the low HOA fees and compact footprint, this is a strategic acquisition for Value-Add Investors seeking a low-overhead entry point into the Nashville market.
Estimated Market Value
$104,064
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 Welch Rd R3 Subject | $105,000* List Price | 1 | 1 | 683 | $152 | - |
A 441 Harding Pl B2 Active | $119,500 List Price | 2 | 1 | 875 | $137 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1968 (56 years old) with no mention of recent renovations. The exterior shows dated aluminum window frames and aged siding. As a tenant-occupied rental property of this age, it likely has significant deferred maintenance and requires a full rehab of the kitchen, bath, and systems to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $105,000, this property represents one of the most accessible entry points into the Nashville real estate market, offering high potential for ROI.
- Turnkey Rental Income
The unit is currently tenant-occupied, allowing an investor to generate immediate cash flow from day one without the costs associated with marketing or vacancy.
- Low Monthly Overhead
With a modest HOA fee of $205 and a compact 683 sqft footprint, the property maintains low carrying costs and simplified maintenance requirements.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 749.
- Restricted Showing Access
The requirement of an accepted offer prior to any showings creates a significant barrier for due diligence and may deter traditional buyers.
- Aging Construction
Built in 1968, the property may require future capital expenditures for system updates or interior modernizations to remain competitive in the rental market.
About 320 Welch Rd R3
Great Rental Property- Tenant Currently - Showings will be granted with an accepted offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $205 / Month
Neighborhood Insights
Nashville Unified Schools
Paragon Mills Elementary School
Grades PK-4 • 1.0 mi
4/10
Wright Middle School
Grades 5-8 • 1.2 mi
3/10
Glencliff Comp High School
Grades 9-12 • 1.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 683 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $105.0K | $339.9K |
| Price per sq ft | $154 | $344 |
| Built year | 1968 | 2007 |
| HOA | $205 | $329 |
| Days on market | 10 | 91 |
Pricing History
Listed for Sale
Aug 30, 2026
$105,000
Initial Listing