2309 The Luxe- Short Term Rental Community
Multifamily | 7 Units | Short Term Rental Community
Marketing description
The Luxe – 7 -Unit STR Portfolio | Nashville, TN
Now $5.4 | Zoned CS | Below Appraisal & Original Ask
A rare opportunity to acquire a fully entitled, 7-unit luxury STR portfolio just 5–10 minutes from downtown, Germantown, and Broadway. Purpose-built for short-term rentals with commercial CS zoning—allowing true non-owner-occupied use, boutique hotel potential, and long-term redevelopment upside.
Available Together or Separately:
- Projected Revenue: $125K+/unit annually (per STR management firm)
-Cap Rate: Near 10% pro forma
-Unit Mix: (7) 4 bed / 3.5 bath
-Highlights: Rooftop decks, 10’ ceilings, premium finishes, floor-to-ceiling windows, wired for surround sound, dedicated guest parking
-Zoning: CS (Commercial Services) – eligible for future retail, hospitality, or live/work conversion
-Unfurnished (Furnishing package available)
Price will be 5,705,000
Excellent location, strong STR comps, and major nearby developments (including proposed mixed-use retail center across the street) support future value appreciation.
Investment highlights
• Fully STR-Approved: Commercial zoning allows for both owner-occupied and non-owner-occupied short-term rentals.
• Commercially Zoned for Future Flexibility: Zoning allows for a range of potential future uses, including boutique hotel conversion, live/work spaces, or other commercial applications.• Commercially Zoned for Future Flexibility: Zoning allows for a range of potential future uses, including boutique hotel conversion, live/work spaces, or other commercial applications.
• Prime Location: 5–10 minutes from Germantown and Broadway, ensuring high occupancy and premium nightly rates.
• Market-Proven Demand: Nashville’s short-term rental market continues to see strong tourism growth and year-round demand, with major events, conferences, and entertainment driving consistent bookings.
• Projected Revenue: Professional STR management estimates $125K+ in annual revenue per unit with optimized pricing and occupancy strategies. ($100K for the small unit)
• Turnkey Opportunity: High-end new construction with 4 beds, 3.5 baths per unit, featuring 10’ ceilings, floor-to-ceiling windows, premium finishes, pre-installed surround sound, expansive rooftop decks engineered for an outdoor kitchen and fire pit, and dedicated guest parking—a rare and valuable asset for STR properties.
• Long-Term Appreciation Potential: The surrounding area is experiencing rapid development, with plans for a mixed-use shopping center being considered across the street—positioning these units for long-term value appreciation
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
