5310 Louisiana Ave, Nashville TN, 37209

Active

5310 Louisiana Ave

Nashville TN, 37209

$1,500,000

$323.14 per sqft

Active

4,642 sqft

Residential

Built in 2022

(5.5% CAP Rate) Two newer construction homes in the Nations with long term renters in place. Buyer will have the option to short term rent (airbnb) one of the units if he wishes as owner occupied. This is an A and B but looks just like traditional single family homes. Both units have an open floor plan, stylish finishes, covered rear decks and an attached two car garage. Unit A has 2.5 years left on the lease and is rented for $4,000 a month with an $8,000 deposit. Unit B is rented until the middle of 2024 at $3600 a month with a $3600 deposit. The current tenants were highly vetted. The yard is very low maintenance. This location is in the middle of a booming trendy neighborhood that is walking distance to restaurants/shops. All appliances convey. This purchase is great for a long term investor, 1031 Exchange or cost segregation study to lower your taxes. The homes appraised for $763,000 each in March 2023. Market rents have increased since leasing these units to $4200-4400 per comps

2595160

MLSⓇ ID

November 20, 2023

Listed

November 22, 2024

Updated

Map

5310 Louisiana Ave
Nashville TN, 37209

Interior Features

Total Stories: 2
Laundry Description: Individual
Floor Description: Finished Wood
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Roof: Shingle
Sewer: Public Sewer

School Information

High School: Pearl Cohn Magnet High School
Elementary School: Cockrill Elementary

Other Property Details

Taxes: $2,449
Tax Frequency: Annually
Days on Market: 80
Garage: Yes
Garage Spaces: 2
Parking: Attached - Front
Parking Total: 2
View: No
County: Davidson County, TN
Water Source: Public
Pool: No
Zoning: R6

Listed by Brian Richardson, Bradford Real Estate

Based on information submitted to the MLS GRID by Middle Tennessee Regional Multiple Listing Service as of 11/22/2024, 8:14 AM UTC. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.