
Nashville, TN 37201
This property presents a High-Potential Investment Opportunity with a List Price of $600,000—positioned above the $554,160 Fair Market Value. While priced slightly above market, the unit features a Rare NOO STR Permit and Top-Floor River Views, providing a turnkey, high-demand asset in Nashville’s rapidly developing River North corridor. With a Condition Rating of 3, the unit is fully operational for immediate rental income. This is a strategic acquisition for Buy-and-Hold Investors or Passive Income Seekers looking to capitalize on Nashville's urban transformation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 964 1st Ave N Subject | $600,000* List Price | 2 | 2 | 996 | $558 | - |
A 934 1st Ave N Sold | $594,000 | 2 | 2 | 996 | $596 | 0.0 mi |
B 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, the property has undergone significant cosmetic renovations to make it move-in ready for the short-term rental market. While the kitchen cabinetry reflects a slightly older style (approx. 10-15 years), the unit features updated flooring, recessed lighting, and modern appliances. It is well-maintained and functional without immediate need for major repairs.
The property features a highly coveted Non-Owner Occupied Short-Term Rental permit with transferable bookings, providing an immediate, turnkey income stream in a restricted market.
Positioned in the center of Nashville's massive redevelopment zone near the new Nissan Stadium and Oracle campus, offering exceptional potential for long-term capital appreciation.
As a top-floor unit with sweeping views of the Cumberland River, the property offers a unique aesthetic appeal and privacy that commands higher rental rates.
The monthly HOA fee of $806 is relatively high for a unit under 1,000 square feet, which may compress net operating income for investors.
Built in 1986, the building is nearly 40 years old, which may lead to higher maintenance requirements or future special assessments compared to newer developments.
Perched on the top floor with sweeping river views, this fully furnished condo offers a rare NOO STR permit in the heart of Nashville. With modern finishes and transferable bookings, this property is a true plug and play investment or an ideal city retreat. Just steps from Germantown, the Farmers Market, and Bicentennial Park, you'll be immersed in Nashville's most vibrant lifestyle while still enjoying a private, boutique community feel. You are in the MIDDLE of Nashville's next boom, with the new $2.1 billion Nissan Stadium, Oracle's massive River North campus, and the planned Oracle pedestrian bridge connecting Germantown to the East Bank all rising around you, letting your guests walk to it all. Stroll to a Titans game, grab dinner in Germantown, and hit Broadway without ever moving the car. This top performing, very profitable, active Airbnb along the Cumberland River puts you at the center of the largest transformation Nashville has ever seen. The building offers covered parking, a pool, and a gym for your guests. 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 the stadium, and within 1 to 2 miles of Downtown Nashville, River North, Top Golf, First Horizon Park, Brooklyn Bowl, Bicentennial Park, and Germantown, you'll be walkable to many of Nashville's top attractions today. Buy in the middle of the boom, not after it. Turnkey income today, plus long term appreciation upside as billions in development come online around you. Ask us for the proforma, projections, and revenue history on this NOO STR. A cost segregation study may also be available to accelerate depreciation and offset income, improving overall cash flow for investors.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 996 | 1,009.207 |
| Lot Size | - | 871 |
| Price | $600.0K | $339.9K |
| Price per sq ft | $602 | $344 |
| Built year | 1986 | 2007 |
| HOA | $806 | $329 |
| Days on market | 70 | 91 |
Jul 1, 2026
$600,000
Initial Listing