116 South 11th Street
20 Bed STR Compound in Desirable Area of Nashville
Marketing description
A one-of-a-kind, commercially zoned property in the heart of Nashville's famous "5 Points" neighborhood w/ a walk score of 93. A private "compound" consisting of a 3 story home, 2 bedroom 1 level pool house / guest house, a full size event hosting capable bar built where the living room once stood and in-ground pool places this offering far above the traditional Nashville inventory of townhouse and condo opportunities that are flooding the MLS with either no proven income or negative cash flow for the next buyer. This opportunity already has consistent bookings through next year that keeps the cap rate the same or increased.
The design elements and this location were strategically chosen as the perfect balance for "future proofing" from competition. A private compound in the heart of a highly walkable area with top-of-the-line finishes that ensures nothing but an elevated experience for large group travel.
The property/parcel was reimagined with top-of-the-line finishes throughout. From the tile selections, in-set cabinets and countertops, to the meticulously chosen furniture, these elements are so timeless that when combined with an amazing walkable area, there is limited, if any, future re-designs that will ever have to be considered to stay top of market.
This home and the additional 2 bedroom 1 level pool house are allowed to legally sleep 20 people with over 4,100 sqft between both houses. With the inviting courtyard, tiled in-ground pool, various inside sitting areas and the addition of a full size bar, there's a perfect balance of quiet comfort and/or gathering of friends for planning or catching up from any Nashville adventures the day may have.
Around 50 bars or restaurants are within a ten minute walk or 2 dozen within 5 minutes or less. Otherwise, everything that Nashville has is a 10-15 drive at most.
Base zoning also near limitless neighborhood commercial strategies and this would be a great investment to cater to a high-end customer facing business.
Appraisal in hand.
Owner / operator manager and willing to stay on at 12%.
Investment highlights
8%-11%+ Cap Rate
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