916 Buchanan St apts 201 208Nashville, TN 37208
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Rare opportunity to acquire 8 active short-term rental units in one modern building, all on the same hallway for streamlined operations. Each 1 bed / 1 bath unit features a dedicated bedroom with en suite bathroom, an additional sleeper sofa in the living room, and its own deeded parking space. All units are fully furnished with high-end décor, linens, kitchenware, and supplies—truly turnkey. In 2024, these units generated $362K+ in revenue with ~63% average occupancy and 85%+ in peak months. Average nightly rate was $219. Estimated NOI: $287K (21% expense ratio including property taxes and operations). Cap rate approximately 8% at list price. 1,911 guests hosted across 1,856 filled nights with ~21% YoY revenue growth. Continued management available or easily self-managed. Ideal for investors seeking scale, cash flow, and operational efficiency in one of the country’s strongest short-term rental markets.
| 4 days ago | Status changed to Active | |
| 4 days ago | Listing updated with changes from the MLS® | |
| 5 days ago | Listing first seen on site |
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