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200 Palestine AveNashville, TN 37115

10-Unit Apartment Building, High Demand Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional multifamily investment opportunity presents a well-maintained 10-unit apartment building located at 200 E Palestine Ave, Nashville, TN 37115, within Davidson County. The property, comprised of three two-story buildings, totals 8,500 square feet and sits on a 0.27-acre lot. Constructed in 1984 and extensively renovated in 2021, this Class C multifamily property offers significant upside potential. Each of the ten units boasts two bedrooms and one and a half bathrooms, catering to a high-demand rental market. The property's strong performance is reflected in its attractive 5.80% capitalization rate. Situated in a rapidly growing area with high rental demand due to its proximity to Nashville, this investment offers a compelling blend of immediate income generation and long-term appreciation. The recent renovations minimize maintenance concerns, ensuring a smooth transition for the new owner. This is an ideal opportunity for investors seeking a stable, cash-flowing asset in a thriving market. The property's location provides convenient access to Nashville's amenities and employment centers, further enhancing its appeal to renters. The modernized units and minimal maintenance requirements contribute to a low-risk, high-reward investment profile. This is a turnkey opportunity ready for immediate income generation.

Property Details for 200 Palestine Ave

Property type
Apartment buildings
Square Feet
8,500 SF
Class
C
Year Built
1984
Buildings
3
Stories
2
Units
10

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.2483084
Longitude
-86.7153827
200 Palestine Ave, Nashville, Tennessee

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200 Palestine Ave
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