824 Watts Ln, Nashville, TN 37209
Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
824 Watts Ln,Nashville, TN 37209
$6,250,000
- - Beds
- - Baths
- 2,104 sq. ft.
- Multi-family
- Active
Listed by: sheila gerardy
Office: compass re
MLS#:3525628
Source:NASHVILLE
Price summary
- Price:$6,250,000
- Price per sq. ft.:$2,970.53
- Monthly HOA dues:$200
About this home
Industry Square presents an opportunity to acquire a concentrated portfolio of 10 newer-construction townhomes within a boutique 16-residence community in West Nashville. Offered together at $6.25M, 9 of the 10 residences are currently leased, providing an established rent roll with approximately $387,000 in annualized in-place gross rent.
Current rents are predominantly $3,650/month, with only one lease receiving a one-month concession and lease terms extending into 2027 and 2028. The portfolio represents an average acquisition basis of $625,000 per residence and includes 10 of the community’s 16 homes, providing the purchaser with concentrated ownership.
Each residence features 3 bedrooms and 3 full bathrooms across approximately 2,080–2,402 square feet, with an attached two-car garage, rooftop deck, private balcony and elevated modern finishes.
One residence remains available for lease, while an additional residence is currently leased month-to-month at $3,000, providing flexibility and potential upside within the existing rent roll.
An attractive option for an investor looking to deploy capital, complete a 1031 exchange, or add multiple Nashville doors through a single acquisition rather than assembling and leasing a scattered portfolio property by property.
Conveniently located in West Nashville with access to downtown, the hospital district, shopping, dining and major employment centers.
Full Offering Memorandum, rent roll and individual lease information available upon request. Buyer and buyer’s agent to independently verify all financial information, leases, HOA documents, expenses and investment assumptions....
Contact an agent
Home facts
- Year built:2024
- Subdivision & Development:824 Watts Lane Townhomes
- Listing ID #:3525628
- Added:28 day(s) ago
- Updated:September 28, 2026 at 02:27 PM
Rooms and interior
- Living area:2,104 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2024
- Building area:2,104 sq. ft.
- Construction Materials:Hardboard Siding
- Levels:3 Story
Schools
- High school:James Lawson High School
- Middle school:H. G. Hill Middle
- Elementary school:Charlotte Park Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$6,250,000
- Price per sq. ft.:$2,970.53
- Tax amount:$4,796
Features and amenities
- Amenities:Smoke Detector(s)
Parking
- Total parking spaces:10
- Parking description:Attached, On Street, Parking Lot
- Garage:Yes
- Garage spaces:2
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