1400 Brick Church PikeNashville, TN 37207

Property Details for 1400 Brick Church Pike

Year built

1986

Lot size

1.61 AC

Property size (Sq ft)

44,094 SF

Zone code

CL

Property type

Hospitality properties

Property subtype

Motels

APN

071-06-0-045-00

APU

7106004500

Description

This exceptional 111-unit apartment building, Trinity Lofts, presents a compelling value-add investment opportunity in Nashville, Tennessee. Located at 1400 Brick Church Pike, this Class B property boasts 34,632 square feet across two stories, situated on a 1.61-acre lot. Built in 1986 and extensively renovated in 2022 with a $4.545 million investment, the property offers a modern product with Class-A finishes. Currently operating at 90% occupancy, Trinity Lofts benefits from its strategic location approximately 1.5 miles from the highly sought-after East Bank/River North neighborhoods and less than five minutes from Oracle's $1.35 billion campus development. The property's proximity to major employment hubs and thoroughfares, coupled with its attractive micro-unit design, caters to the growing demand for affordable housing in a thriving market. Within a 3-mile radius, over 79,844 employees in service, production, and manufacturing industries reside, boasting an average household income exceeding $75,159. The micro-unit concept provides affordability and efficiency, appealing to single tenants or couples seeking a convenient location without the high cost of downtown living. This translates to shorter vacancy periods and a steadier income stream for the owner. The property is zoned SP and offers a compelling blend of stability and growth potential within Nashville's dynamic real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $8,652,017

  6.5%

  $7,986,478

  7%

  $7,416,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,919,687

  Geo Method

  $8,919,687

• Alternative Use

  Use

  Valuation

  Residential

  $8,718,913

  Hospitality

  $7,986,478

  Educational

  $6,644,656

  Medical

  $6,873,176

  Retail

  $10,336,131

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.2039

Longitude

-86.7784

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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