404 Douglas Ave, Nashville, TN 37207
404 Douglas Ave, Nashville, TN 37207
404 Douglas Ave, Nashville, TN 37207
404 Douglas Ave, Nashville, TN 37207
404 Douglas Ave, Nashville, TN 37207
404 Douglas Ave, Nashville, TN 37207
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Justin Reesy The Reesy Real Estate Team

Justin Reesy The Reesy Real Estate Team

+1(270) 779-9504
Listed by Pete Jones • Compass
$ 8,875,000
Est. payment | /mo

16,050 SqFt


Save
$ 8,875,000
Est. payment | /mo
Save

16,050 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,050 sqft

Price per Sqft $552

Subdivision Wanderer East

MLS Listing ID 3623394

HOA Y/N No

Year Built 2020

Annual Tax Amount $4,660

Property Description

The three-story asset features an elevator-served layout and consists of 16 residential units and one retail space. The residential mix includes fifteen (15) two-bedroom, two-bathroom units averaging approximately 980 square feet, and one (1) three-bedroom, two-bathroom unit totaling approximately 1,300 square feet. The ground-floor retail space spans approximately 1,100 square feet and is fully leased.
The retail tenant operates under a NNN lease structure with a renewal option in place. The tenants have demonstrated strong performance and expressed intent to renew, providing stable in-place income and reduced leasing risk.

The offering is presented as a fully furnished, turnkey investment, inclusive of all residential units and the stabilized retail component. All financial figures provided reflect current, in-place operations and are not based on pro forma assumptions. The Wanderer has demonstrated improving recent performance, with increasing occupancy and improved income trends in 2027.

Location

State TN

County Davidson County

Zoning SP

Interior

Heating Central

Cooling Central Air

Flooring Wood, Tile

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Private Pool false

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Schools

Elementary Schools Kipp Academy Nashville

Middle Schools Stratford Stem Magnet School Lower Campus

High Schools Stratford Stem Magnet School Upper Campus

Others

Senior Community false

Special Listing Condition Owner Agent

RealTracs IDX

NEARBY SCHOOLS & PROPERTIES

Justin Reesy The Reesy Real Estate Team

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(270) 779-9504

justinreesy@kw.com

979 Lovers Lane Ste C., Bowling Green, Kentucky 42103, USA

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404 Douglas Ave