320 Welch Rd Unit B1, Nashville, TN 37211, Nashville, 37211 - 2 bed, 2 bath
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320 Welch Rd Unit B1
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,080Sq Ft
436Lot Size
Property Price
LIST PRICE$129,900
EST. MARKET VALUE
$126,757
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $139,900—positioned slightly above the $139,652 Fair Market Value. While the equity gap is minimal, the unit features Turn-Key Renovations including new flooring and updated mechanicals, earning a Condition Rating of 4. With a projected rental income of $1,500 per month, this asset offers immediate cash flow potential near Downtown Nashville. Despite financing limitations, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, move-in ready entry point.
Estimated Market Value
$126,757
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 Unit B1 Subject 2 bd · 2 ba · 1,080 sqft · $117 | $129,900* List Price | 2 | 2 | 1,080 | $117 | - |
A 420 Elysian Fields Rd E4 Sold 2 bd · 2 ba · 936 sqft · $150 · 0.3 mi | $140,000 | 2 | 2 | 936 | $150 | 0.3 mi |
B 4958 Edmondson Pike 23 Sold 2 bd · 2 ba · 1,134 sqft · $106 · 0.7 mi | $120,701 | 2 | 2 | 1,134 | $106 | 0.7 mi |
C 320 Welch Rd F7 Active 2 bd · 1 ba · 963 sqft · $114 · 0.1 mi | $110,000 List Price | 2 | 1 | 963 | $114 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Although built in 1968, the unit has undergone a recent cosmetic remodel including new vinyl flooring, carpet, and a new tub surround. The HVAC and water heater are noted as 'newer,' which supports functionality. However, the exterior shows signs of deferred maintenance such as peeling window trim and a missing exterior light fixture. The listing's ineligibility for FHA/VA financing further indicates it does not meet the 'Good' threshold and requires minor repairs/updates to the building envelope.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Renovations
This end unit features significant recent upgrades including new vinyl flooring, fresh carpet, a new tub and surround, and a refurbished deck, offering a move-in ready experience.
- Strong Investment Potential
With a projected rental income of $1,500 per month against a low entry price, this property offers an attractive cap rate for investors looking for cash flow near Downtown Nashville.
- Updated Mechanical Systems
The inclusion of a newer HVAC unit and water heater provides peace of mind and reduces the likelihood of immediate capital expenditures for the new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 545.
- Financing Restrictions
The property is ineligible for FHA or VA financing, significantly limiting the buyer pool to cash or hard money investors.
- High Association Fees
The $363 monthly association fee is relatively high given the property's price point, which may impact the overall monthly affordability and net ROI.
About 320 Welch Rd Unit B1
Seller is motivated! Remodeled Townhouse in excellent location! Unit features all new floors, newer vinyl windows and new sliding door. Laundry Connections, Updated Central HVAC Unit & water heater. Unit has spacious Bedrooms and walk in closets. New Tub and Surround. Deck has been repaired and freshly painted. Can be rented at $1500 or more per month. Perfect for Investors or First time Homebuyers. Close to Shopping, Bus Route, Interstate and 15-20 minutes to Downtown Nashville. Not eligible for FHA or VA Financing. Hard money loan or cash buyer preferred.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- 436 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $363 / Month
Neighborhood Insights
Nashville Unified Schools
Paragon Mills Elementary School
Grades PK-4 • 1.1 mi
4/10
Wright Middle School
Grades 5-8 • 1.1 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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,080 | 1,009.514 |
| Lot Size | 436 | 871 |
| Price | $129.9K | $347.6K |
| Price per sq ft | $120 | $343 |
| Built year | 1968 | 2007 |
| HOA | $363 | $334 |
| Days on market | 131 | 92 |
Pricing History
Listed for Sale
Oct 19, 2026
$129,900
$139,900
-7% Price Drop
Initial Listing
Price Change
Jun 15, 2026
$139,900
Initial Listing