507 27th Ave N, Nashville, TN 37209, Nashville, 37209 - 4 bed, 4 bath
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Nashville, TN 37209
This Turnkey Short-Term Rental Asset is listed at $1,050,000, reflecting a strategic premium over the $925,446 Fair Market Value due to its rare Transferable MUL-A Zoning and proven $160,000+ Gross Annual Revenue. Boasting an Excellent Condition Rating, the 2020-built residence features a Rooftop Deck with Skyline Views and a Game Room Garage optimized for guest capacity. Located near Vanderbilt and Downtown, this fully furnished property offers immediate cash flow and 100% Bonus Depreciation potential. It is a premier acquisition for Short-Term Rental Investors or Portfolio Managers seeking a high-yield Nashville hospitality asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 27th Ave N Subject | $1,050,000* List Price | 4 | 4 | 2,338 | $396 | - |
A 2910 Felicia St 1 Sold | $815,000 | 4 | 4 | 2,305 | $354 | 0.2 mi |
B 2910 Felicia St 17 Sold | $1,000,000 List Price | 4 | 5 | 2,095 | 0.2 mi | |
C 2910 Felicia St #19 Sold | $735,000 List Price | 4 | 5 | 2,095 | 0.2 mi | |
D 2910 Felicia St 19 Sold | $884,900 List Price | 4 | 5 | 2,337 | 0.2 mi | |
E 505 27th Ave N Active | $1,049,000 List Price | 4 | 4 | 2,143 | $490 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this property is well within the 10-year threshold for excellent condition. The interior features high-end, modern finishes including a chef's kitchen with quartz waterfall countertops, stainless steel appliances, and designer lighting. The bathrooms are updated with contemporary hexagonal tiling and stone vanities. As a turnkey, professionally designed short-term rental, the property shows no signs of deferred maintenance and meets current quality standards.
The property features MUL-A zoning, allowing for a highly coveted Non-Owner Occupied Short Term Rental permit that transfers directly to the new owner without the complexity of an LLC purchase.
This turnkey investment boasts a strong financial track record with over $160,000 in gross annual revenue, offering immediate cash flow and eligibility for 100% bonus depreciation.
Designed specifically for the Nashville rental market, the home includes a rooftop deck with skyline views, a dedicated bunk room, and a two-car garage converted into a game room to maximize guest capacity and appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2338, other record living area = 2200.
The property recently returned to the market due to failed financing, suggesting potential challenges with appraisals or the need for specialized lenders familiar with non-owner occupied STR assets.
Being part of a multi-unit development where adjacent units are also available for sale or rent may lead to increased competition for bookings and price compression within the same complex.
Financing fell through - back on the market! Exceptional Non-Owner Occupied Short Term Rental (Airbnb) just under 2 miles from vibrant downtown Nashville! Take advantage of 100% BONUS DEPRECIATION • FULLY COMPLIANT STR MUL TRANSFERABLE ZONING (No LLC transfer required) Here's your opportunity to own a highly desirable and strong-performing STR, boasting a remarkable track record w/ true financials surpassing $160k in gross revenue! This TURNKEY property is elegantly furnished, professionally designed, and managed by a reliable company with future bookings in place. With 4 beds + Bunk Room, 4 baths, an expansive rooftop deck, 2-car garage/game room, and amazing views of the Downtown Nashville Skylinel, it's the ultimate inviting STR setup. Strategically located near Downtown, Midtown, The Nations, Vanderbilt, and Hillsboro Village, this gem is in a prime location! The property has MUL-A zoning and permits are easily transferred to new buyers - No LLC purchase necessary. ALSO, the adjacent unit is available, allowing you to create a fantastic double listing with a combined total of 24 beds!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,338 | 2,190 | 59% |
| Lot Size | 871 | 871 | 50% |
| Price | $1.05M | $610.0K | 90% |
| Price per sq ft | $449 | $312 | 95% |
| Built year | 2020 | 2020 | 50% |
| HOA | $185 | $0 | 89% |
| Days on market | 53 | 265 | 1% |
Mar 1, 2026
$1,050,000
Initial Listing