
Nashville, TN 37201
This Turnkey NOO-STR Asset is listed at $580,000, offering a stable investment opportunity aligned with its $572,200 Fair Market Value. Boasting a Condition Rating of 3, the unit features a Granite Kitchen, community Pool, and premium Cumberland River Views. This fully furnished property includes a rare, transferable NOO-Permit, ensuring immediate cash flow within walking distance of Broadway and Nissan Stadium. While the infrastructure reflects its 1986 build, the interior modernization and prime location drive consistent guest demand. This is an ideal plug-and-play acquisition for Short-Term Rental Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 964 1st Ave N Subject | $580,000* List Price | 2 | 2 | 996 | $574 | - |
A 934 1st Ave N Sold | $669,000 List Price | 2 | 2 | 996 | 0.0 mi | |
B 940 1st Ave N Sold | $562,000 | 2 | 2 | 996 | $564 | - |
C 1002 1st Ave N Active | $610,000 List Price | 2 | 2 | 996 | $612 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1986, this property is in move-in ready condition following recent interior renovations. The kitchen has been updated with granite countertops and stainless steel appliances, and the unit features modern flooring and recessed lighting. While the cabinetry and building infrastructure (such as central laundry and exterior siding) reflect the property's age, the interior is well-maintained and styled as a turnkey short-term rental with no immediate repairs required.
This property is a rare, fully operational Non-Owner Occupied Short-Term Rental (NOO-STR) with transferable future bookings and furnishings, allowing for immediate cash flow in a high-demand market.
Ideally situated within walking distance to Broadway, Nissan Stadium, and Germantown, the location ensures high occupancy rates and appeals to Nashville's primary tourist demographic.
As a recently remodeled top-floor condo featuring granite countertops and stainless steel appliances, the unit offers a premium guest experience and desirable waterfront views.
The monthly association fee of $806 is relatively high for a sub-1,000 sqft unit, which may significantly impact the net operating income and overall cap rate for investors.
Built in 1986, the complex relies on central laundry facilities and unassigned parking, which may be less competitive compared to newer luxury developments offering in-unit laundry and dedicated spaces.
Rare Find! Turnkey NOO-STR | Very Profitable, Fully Furnished Airbnb Near Broadway & River North. WALKABLE to Downtown and Germantown! You can't beat this location. This rare opportunity to own a very profitable, active Airbnb along the Cumberland River is not to be missed. This fully operational, NOO-permitted short-term rental is eligible for Airbnb and VRBO, and is being sold fully furnished with transferable future bookings making it a true plug and play investment in one of the strongest STR markets in the country. Located just 1 mile from Broadway and Nissan Stadium, and within 1 to 2 miles of Downtown Nashville, River North, Top Golf, First Horizon Park (Nashville Sounds), Brooklyn Bowl, Bicentennial Park, and Germantown, this property places you and your guests in the center of it all. It also sits near River North, Nashville’s largest and most transformative new riverfront development offering major long term upside for savvy investors. Inside this recently remodeled top floor condo, you’ll find two spacious bedrooms, two full bathrooms, and a modern kitchen with granite countertops and stainless steel appliances. Recently renovated and thoughtfully styled, this unit is guest ready and already generating income. Community amenities include a pool, central fitness center, central laundry facilities, covered parking (open and unassigned), and HOA covered services including water, exterior insurance, ground maintenance, and pool maintenance. Walkable to many of Nashville’s top attractions, this is a rock solid STR investment opportunity. Ask the agent for proforma, projections, and revenue history on this NOOSTR. Tax savings! A cost segregation study may also be available to help accelerate depreciation and offset income, which can significantly improve overall cash flow for investors. See documents for more details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 996 | 1,009 | 44% |
| Lot Size | 871 | 871 | 50% |
| Price | $580.0K | $838.8K | 44% |
| Price per sq ft | $582 | $620 | 44% |
| Built year | 1986 | 2008 | 28% |
| HOA | $806 | $760 | 56% |
| Days on market | 43 | 253 | 6% |
Mar 10, 2026
$580,000
Initial Listing