1300 Pennock Ave
Hospitality | 9.00% CAP
Marketing description
This property at 1300 Pennock Ave offers a rare opportunity to acquire a fully furnished, turn-key 14-unit short-term rental portfolio operating as a cohesive, high-performing Airbnb asset in Nashville. The property features a mix of 5 townhomes, 7 condominiums, and 2 penthouses, designed to accommodate a wide range of guests, including families, corporate groups, and event-driven stays. Each unit is professionally designed, fully outfitted, and guest-ready, enabling immediate operational continuity.
With all units located on a single property, ownership benefits from operational scale, streamlined housekeeping, unified branding, and simplified maintenance—advantages rarely found in scattered-site short-term rental portfolios. Located just one mile from Nissan Stadium and minutes from downtown Nashville, the property offers convenient access to key demand drivers while providing a resort-style guest experience.
Amenities include a pickleball court, swim spa, two jacuzzis, outdoor fitness area, firepit lounge, and select rooftop spaces with skyline views. Several units also feature game rooms, and concierge services enhance the overall guest experience.
The property's layout supports both individual bookings and group use, making it ideal for corporate retreats, bachelorette parties, family gatherings, and extended stays. This flexibility drives strong calendar density and diversified booking flow, supporting a resilient income profile.
Nashville's strong tourism fundamentals further support the investment, with 16.8 million visitors in 2023. Proximity to major attractions such as Shelby Park, The Gulch, Bicentennial Capitol Mall State Park, Ryman Auditorium, Country Music Hall of Fame and Museum, Broadway, and East Nashville enhances ongoing demand. This central location, combined with the property's group-friendly configuration and upscale amenities, positions it to capture both leisure and travel demand.
Investment highlights
- Fully furnished, turn-key 14-unit short-term rental portfolio
- Professionally designed units ready for immediate operational continuity
- All units located on a single property for operational scale and streamlined management
- Mix of 5 townhomes, 7 condominiums, and 2 penthouses accommodating up to 131 guests
- Resort-style amenities including pickleball court, swim spa, jacuzzis, and rooftop spaces
- Supports both individual bookings and group use (corporate retreats, bachelorette parties, family gatherings)
- Strong calendar density and diversified booking flow
- Located 1 mile from Nissan Stadium and minutes from downtown Nashville
- Nashville welcomed 16.8 million visitors in 2023
- East Nashville submarket with strong appreciation and demand
- Unified branding and simplified maintenance
- Year 1 Cap Rate: 9%
- Year 4 Cap Rate: 10%
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