
Nashville, TN 37207
The three-story asset features an elevator-served layout and consists of 16 residential units and one retail space. The residential mix includes fifteen (15) two-bedroom, two-bathroom units averaging approximately 980 square feet, and one (1) three-bedroom, two-bathroom unit totaling approximately 1,300 square feet. The ground-floor retail space spans approximately 1,100 square feet and is fully leased. The retail tenant operates under a NNN lease structure with a renewal option in place. The tenants have demonstrated strong performance and expressed intent to renew, providing stable in-place income and reduced leasing risk. The offering is presented as a fully furnished, turnkey investment, inclusive of all residential units and the stabilized retail component. All financial figures provided reflect current, in-place operations and are not based on pro forma assumptions. The Wanderer has demonstrated improving recent performance, with increasing occupancy and improved income trends in 2027.
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and in mint condition. It features modern kitchens with stainless steel appliances, contemporary bathrooms with subway tile and updated fixtures, and newer HVAC systems as seen in aerial views.
The property is offered as a fully furnished, turnkey asset with elevator access, allowing for immediate operation and income generation without additional capital expenditure for furnishings.
Features a mix of 16 residential units and a fully leased ground-floor retail space under a NNN lease, providing stable, multi-layered cash flow and reduced vacancy risk.
Built in 2020, the asset features contemporary 2-bedroom and 3-bedroom configurations that cater to modern tenant preferences, ensuring long-term desirability and lower maintenance costs.
With a list price of $8.875 million, the property represents a significant investment that may limit the pool of qualified buyers and requires substantial financing or liquidity.
As a specialized residential income asset in the 37207 zip code, the property's long-term appreciation and occupancy are highly dependent on the continued economic growth of the specific Wanderer East area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 16,050 | 1,967.444 |
| Lot Size | - | - |
| Price | $8.88M | $455.6K |
| Price per sq ft | $553 | $238 |
| Built year | 2020 | 1964 |
| HOA | $0 | $0 |
| Days on market | 5 | 82 |
Oct 19, 2026
$8,875,000
Initial Listing