116 S 11th St, Nashville, TN 37206
- $5,400,000
- 4
- BD
- 4
- BA
- 2,927
- SqFt
- List Price
- $5,400,000
- Status
- ACTIVE
- MLS#
- 3263188
- Days on Market
- 19
- Bedrooms
- 4
- Bathrooms
- 4
- Full Bathrooms
- 3
- Half Bathrooms
- 1
- Living Area
- 2,927
- Lot Size
- 8,276
- Acres
- 0.19
- County
- Davidson County
Property Description
Attention Investors: Gross income of $600k+ with future bookings closing in on $700k for 2027! 8-11+% Cap / CoC return! Main House: 2927 sqft + 2 Bedroom Pool House: 1184 sqft = 4,111 sqft total ($1313/sqft). 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 completely redesigned and reimagined short term rental private"compound" that is far beyond the traditional Nashville inventory of townhouse and condo opportunities flooding the MLS with either no proven income or negative cash flow for the next buyer. This home has been designed with only the highest guest experience in mind with top-of-the-line finishes throughout. From the tile, 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, re-designs that will ever have to be considered to stay top of market. You can consider this investment opportunity virtually "future proof" from any competition in the short term rental space. This home and the additional 2 bedroom 1 level pool house are allowed to legally sleep 20 people with over 4,000 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 elevated comfort and/or gathering of friends for planning or catching up from any Nashville adventures the day may have. No Ubers needed when nearly 50 bars or restaurants are within a ten minute walk or 2 dozen within 5 minutes or less. Grab a bite to eat or drink and head back to your heated pool or hot tub for the afternoon. If you feel you need a change of that scenery and need more options, virtually everything that Nashville has to offer is a 10-15 drive at most. Bonus depreciation play here as well. Equally amazing residential home or event space (or more based on zoning)!
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Additional Information
- Basement Description
- Crawl Space
- Bedrooms Main
- 4
- Construction Type
- Brick
- Cooling System
- Central Air
- Elementary School
- Warner Elementary Enhanced Option
- Floor Types
- Concrete, Wood, Tile
- Heating System
- Central, Furnace
- High School
- Stratford STEM Magnet School Upper Campus
- Junior High School
- Stratford STEM Magnet School Lower Campus
- Living Area
- 2,927
- Lot Dimensions
- 50 X 170
- Number Of Stories
- 3
- Sewer System
- Public Sewer
- Subdivision
- East Edgefield
- Subtype
- Single Family Residence
- Tax Amount
- $14,368
- Water Source
- Public
- Year Built
- 1910
- Type
- Single Family Residential
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Listing courtesy of AiCRE Real Estate.
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