426 Iris DrNashville, TN 37204

Property Details for 426 Iris Dr

Year built

2023

Lot size

0.21 AC

Property size (Sq ft)

7,272 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four brand-new, fully furnished, luxury short-term rental units in Nashville's desirable Berry Hill neighborhood. Each unit boasts 1,812 square feet, featuring four bedrooms and three bathrooms, and is part of a two-building, three-story complex built in 2023. The 7,272 square foot property sits on a 0.21-acre lot and offers stunning downtown skyline views from its rooftop deck. Private outdoor areas are included with each unit. Currently operating at 100% occupancy, this turnkey investment generates a substantial pro-forma NOI of $61,921, representing a 7.75% cap rate on the $2,990,000 asking price. The property's prime location provides easy access to Nashville's vibrant culinary and entertainment scene. This is an exceptional opportunity to acquire a high-performing, low-maintenance investment property in a rapidly appreciating market. The property is zoned 4Zz. Two parking pads are available. Photos of one unit are available, with photos of the remaining units available upon request.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1145

Longitude

-86.7625

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].