
Nashville, TN 37211
This 2-bedroom condo represents a High-Potential Investment Opportunity, listed at a List Price of $110,000—positioned well below the $109,666 Fair Market Value (effectively priced at market). With a Condition Rating of 4, the unit is currently leased at $1,500/month through June 2027, ensuring immediate cash flow. While the interior requires cosmetic updates, the comprehensive HOA coverage minimizes operational overhead. This is a stable, low-maintenance Asset ideal for Buy-and-Hold Investors or first-time investors seeking a straightforward, income-generating property in a central Nashville location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 441 Harding Pl Unit H7 Subject 2 bd · 1 ba · 875 sqft · $125 | $110,000* List Price | 2 | 1 | 875 | $125 | - |
A 420 Elysian Fields Rd E4 Sold 2 bd · 2 ba · 936 sqft · $150 · 0.6 mi | $140,000 | 2 | 2 | 936 | $150 | 0.6 mi |
B 4958 Edmondson Pike 23 Sold 2 bd · 2 ba · 1,134 sqft · $106 · 0.3 mi | $120,701 | 2 | 2 | 1,134 | $106 | 0.3 mi |
C 441 Harding Pl A01 Active 2 bd · 1 ba · 875 sqft · $143 · 0.0 mi | $125,000 List Price | 2 | 1 | 875 | $143 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, the condo is functional and currently tenant-occupied, but the interior is highly dated. The kitchen features older flat-panel wood cabinets and appliances, while the bathroom has an outdated floating laminate vanity and older fixtures. Popcorn ceilings are present throughout, indicating a need for cosmetic updates.
The property is currently leased at $1,500 per month through June 2027, providing a high gross rental yield and guaranteed cash flow for the next several years.
The HOA fee covers water, sewer, trash, and all exterior maintenance, offering a truly 'hands-off' investment with predictable monthly utility expenses.
Ideally positioned near I-65 and Nolensville Pike, the condo offers excellent connectivity to downtown Nashville and local amenities, ensuring consistent tenant demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 1152.
The $508 monthly HOA fee is significant relative to the $110,000 purchase price, which may impact the net cap rate and overall profitability for some investors.
Constructed in 1969, the property may face challenges associated with older infrastructure, potentially leading to future special assessments or interior modernization needs.
Conveniently located in the heart of Nashville, this 2-bedroom, 1-bath condo offers an excellent opportunity for investors looking to add a low-maintenance property to their portfolio. The unit is currently leased for $1,500 per month through June 2027, providing immediate rental income for the next owner.The HOA adds to the ease of ownership by covering water, sewer, trash, exterior maintenance, pest control, parking lot upkeep, and security. The condo also features central electric heating and cooling and is ideally positioned near I-65 and Nolensville Pike, providing convenient access to shopping, dining, and everyday necessities. With an established tenant already in place and many exterior expenses covered by the HOA, this property offers a straightforward investment opportunity in Nashville.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 875 | 1,009.514 |
| Lot Size | 1,307 | 871 |
| Price | $110.0K | $347.6K |
| Price per sq ft | $126 | $343 |
| Built year | 1969 | 2007 |
| HOA | $508 | $334 |
| Days on market | 103 | 92 |
Jul 14, 2026
$110,000
Initial Listing