515 Basswood Ave 25, Nashville, TN 37209, Nashville, 37209 - 3 bed, 2 bath
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Nashville, TN 37209
Analysis of 515 Basswood Ave 25, Nashville, TN 37209 is currently available with a list price of $230,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While the structure dates to 1973, the interior has undergone a comprehensive recent renovation (likely <5 years) featuring an updated kitchen with stone countertops and stainless steel appliances, modern flooring throughout, and a brand-new HVAC system installed in 2024, meeting the criteria for mint condition and move-in readiness.
The property demonstrates strong income potential with a history of generating $2,000-$2,300 per month as a mid-term rental, offering an excellent cap rate for investors.
Significant value is added through a brand-new HVAC system installed in 2024, along with updated flooring and modern finishes, making the unit truly move-in ready.
Situated directly on the Cumberland River, this top-floor unit provides a peaceful residential setting with an open layout while maintaining close proximity to downtown Nashville.
The 'Cash Only' requirement significantly limits the buyer pool by excluding traditional mortgage financing, which may extend the time on market.
The $413 monthly association fee is relatively high in proportion to the listing price, which may impact the net cash flow for investors or the budget for owner-occupants.
Welcome to 515 Basswood Avenue Unit 25, a beautifully maintained and thoughtfully updated top-floor condo right on the Cumberland River. This 3-bedroom, 2-bathroom home offers 1,154 square feet of bright, comfortable living space with an open layout that seamlessly connects the living, dining, and updated kitchen areas. The primary suite features a private bath and generous closet space, while the additional bedrooms offer flexibility for guests or a home office. With updated flooring, new HVAC replaced in 2024, and modern finishes throughout, this condo is move-in ready. Located in a peaceful community just minutes from shopping, dining, and downtown Nashville, Unit 25 combines comfort, style, and convenience in one desirable package. INVESTORS: Was rented for 2000-2300/m as a MTR. Furniture is negotiable. CASH ONLY
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 3.5 mi
Grades 5-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.0 | 67% |
| Baths | 2.0 | 1.0 | 58% |
| Square foot | 1,154 | 896 | 67% |
| Lot Size | 1,307 | 871 | 92% |
| Price | $230.0K | $346.2K | 8% |
| Price per sq ft | $199 | $367 | 8% |
| Built year | 1973 | 2001 | 8% |
| HOA | $413 | $195 | 92% |
| Days on market | 62 | 354 | 8% |
Apr 17, 2026
$230,000
Initial Listing