420 Elysian Fields Rd E4, Nashville, TN 37211, Nashville, 37211 - 2 bed, 2 bath
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Nashville, TN 37211
This Turnkey Income-Generating Condo represents a Strong Value Opportunity, listed at $160,000—positioned well below the $176,357 Fair Market Value by 9%. This valuation gap provides $16,357 in Instant Equity. Boasting a Condition Rating of 3, the interior features a modernized kitchen with stainless steel appliances, new cabinetry, and LVP flooring. With a reliable tenant secured at $1,375/month and proximity to Norman Binkley Elementary, this asset ensures immediate cash flow and long-term stability. It is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 Elysian Fields Rd E4 Subject | $160,000* List Price | 2 | 2 | 936 | $188 | - |
A 550 Harding Pl F112 Sold | $129,900 | 2 | 1 | 874 | $149 | 0.7 mi |
B 370 Wallace Rd C14 Sold | $155,500 | 2 | 2 | 1,020 | $152 | 0.7 mi |
C 500 Paragon Mills Road Pending | $175,000 List Price | 2 | 1 | 958 | $183 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone meaningful recent updates, including a modernized kitchen with new cabinetry, countertops, and stainless steel appliances. The interior features updated LVP flooring and fresh paint throughout. While the building was constructed in 1969 and retains some dated elements like popcorn ceilings, the unit itself is well-maintained and functions as a turnkey investment with no immediate renovations required.
The property is a turnkey investment with a reliable tenant secured through December 31st at $1,375/month, ensuring immediate cash flow with no vacancy gap upon closing.
The unit features significant recent upgrades, including new countertops, cabinetry, and stainless steel appliances, which enhances tenant retention and reduces near-term maintenance costs.
The 2-bedroom, 2-bathroom configuration with an open layout and private ground-floor deck is highly functional, complemented by community perks like a pool just steps away.
The monthly association fee of $335 is relatively high for the price point, which may impact the net cap rate for investors and overall affordability for owner-occupants.
Originally built in 1969, the property may require ongoing attention to older plumbing or electrical systems common in buildings of this vintage, despite the cosmetic interior updates.
Some investment properties require patience. This one pays you first. With a reliable tenant already locked in through December 31st at $1,375/month and a perfect payment history, this 936 sq. ft. condo starts generating income the moment you close. No hunting for tenants, no renovation delays, no vacancy gap, just immediate, consistent cash flow. Inside, the unit has been meaningfully updated: new countertops, new cabinetry, stainless steel appliances, and a washer and dryer are all included. Two full bathrooms, two generously sized bedrooms, and an open layout make this a home tenants want to stay in. Step outside to a private ground-floor deck, with a community pool just steps away. This is as turnkey as it gets. Schedule your showing today.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades 5-8 • 0.2 mi
Grades 9-12 • 2.1 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 | 936 | 918 | 60% |
| Lot Size | 871 | 871 | 50% |
| Price | $160.0K | $167.7K | 40% |
| Price per sq ft | $171 | $183 | 40% |
| Built year | 1969 | 1984 | 13% |
| HOA | $335 | $225 | 80% |
| Days on market | 31 | 283 | 7% |
Mar 23, 2026
$160,000
Initial Listing
Mar 4, 1994
$27,900
Public Record