
Nashville, TN 37209
This property presents a High-Potential Investment Opportunity with a List Price of $135,000—positioned slightly above the $129,040 Fair Market Value. While the property requires a full interior renovation given its Condition Rating of 5, the recent replacement of the HVAC system and water heater mitigates major capital expenditures. Situated near the Cumberland River, the unit benefits from the ongoing Rock Harbor redevelopment. This is a strategic value-add asset ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Basswood Ave 114 Subject | $135,000* List Price | 1 | 1 | 703 | $184 | - |
A 515 Basswood Ave 82 Active | $140,000 List Price | 2 | 1 | 968 | $145 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 (>50 years old) and marketed as an investor project, the property shows significant cosmetic wear including stained carpeting, popcorn ceilings, and dated bathroom fixtures. While the HVAC and water heater are recently updated, the interior requires a full rehab to meet modern standards, consistent with the 'sold as-is' status.
Situated near the Cumberland River and the historic Rock Harbor Marina, the property is perfectly positioned to benefit from the major ongoing mixed-use waterfront redevelopment project.
The recent replacement of both the HVAC system and the water heater provides significant value and reduces immediate capital expenditure for the new owner.
Priced competitively as a project-ready unit, this property offers an excellent opportunity for investors or buyers to build equity through cosmetic updates and personalization.
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 = 1217.
The property is being sold in as-is condition, requiring a buyer who is prepared to invest additional time and capital into renovations and modernization.
Reflecting its 1973 construction, the unit lacks private laundry hookups, requiring residents to utilize the shared community laundry facility.
Great investment opportunity for investors looking for a project to add to their rental portfolio, or buyers seeking a property they can update and personalize. Rock Harbor Condominiums overlooks the Cumberland River and offers a park-like setting with mature trees and beautiful river views. Community amenities include a swimming pool, clubhouse, and laundry facility. As an added bonus, the HVAC system and water heater have both been recently replaced. Located within walking distance of the historic Rock Harbor Marina and Blue Moon Waterfront Grille, the property is ideally positioned to benefit from the area’s ongoing revitalization. Both destinations are undergoing a major redevelopment project envisioned as a mixed-use waterfront destination featuring recreational and entertainment areas, a fishing pier, restaurants, and bars. Visit the attached links for additional information about the revitalization project. Property is being sold as is.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 3.4 mi
Grades 5-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 703 | 1,009.207 |
| Lot Size | 1,307 | 871 |
| Price | $135.0K | $339.9K |
| Price per sq ft | $192 | $344 |
| Built year | 1973 | 2007 |
| HOA | $272 | $329 |
| Days on market | 6 | 91 |
Sep 4, 2026
$135,000
Initial Listing