11 E Music Sq Unit #608, Nashville, TN 37203
- $2,980,000
- 12
- BD
- 7
- BA
- 5,450
- SqFt
- List Price
- $2,980,000
- Status
- ACTIVE
- MLS#
- 3278140
- Days on Market
- 14
- Bedrooms
- 12
- Bathrooms
- 7
- Full Bathrooms
- 7
- Living Area
- 5,450
- Lot Size
- 871
- Acres
- 0.02
- County
- Davidson County
Property Description
**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability within one of the area's most desirable corridors. Here, you and yours guests never sacrifice location and all units are fully renovated. Originally a hotel where Elvis, Johnny Cash, Dolly, and more stayed, the guitar-shaped pool sets the scene while live music from Demonbreun drifts up and down the sidewalks. This is an authentic Nashville experience that other buildings simply cannot touch. Walkable to Broadway, The Gulch, and Edgehill, and with parking on-site, this portfolio presents a turnkey opportunity for investors on Day 1 with a long-standing and proven track record of guest reviews and income. This premier location offers all of the touchpoints that guests are searching for, making these units a standout in a competitive short-term rental market. Option to connect two additional units together to create an additional 4 bed, 2 bath stay would further maximize profit. HOA includes: Water, Electricity, Exterior Maintenance, Grounds Maintenance, and Trash Pickup. Financials available. This is an active and very busy short-term rental! Showings will be scheduled around booking calendar.
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Additional Information
- Association Fee
- $805
- Association Fee Frequency
- Monthly
- Basement Description
- None
- Bedrooms Main
- 12
- Construction Type
- ICFs (Insulated Concrete Forms)
- Cooling System
- Central Air
- Elementary School
- Eakin Elementary
- Floor Types
- Wood, Laminate, Tile
- Garage Capacity
- 6
- Garage Description
- Unassigned
- Heating System
- Central
- High School
- Hillsboro Comp High School
- Junior High School
- West End Middle School
- Living Area
- 5,450
- Number Of Stories
- 6
- Sewer System
- Public Sewer
- Subdivision
- Spence Manor
- Subtype
- High Rise
- Tax Amount
- $3,080
- Unit Number
- 608
- Water Source
- Public
- Year Built
- 1974
- Type
- Condo
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Listing courtesy of Compass RE.
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