- – beds
- – baths
- 4,484 sqft
- $801 per sqft
- 2022 build
- – on site
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.
Last checked:
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Last updated Jun 17, 2025
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MLS# 2912203 —
The Building
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Year Built:2022
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Year Built Details:EXIST
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New Construction:false
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Construction Materials:Fiber Cement, Brick
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Roof:Membrane
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Stories:1
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Levels:One
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Security Features:Fire Alarm, Fire Sprinkler System, Security System, Smoke Detector(s)
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Structure Type:Multi Family
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# of Units Total:8
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Building Area Units:Square Feet
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Building Area Total:4484
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Building Area Source:Professional Measurement
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Above Grade Finished Area:4484
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished Area Source:Professional Measurement
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Below Grade Finished Area Source:Professional Measurement
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Below Grade Finished Area Units:Square Feet
Interior
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Flooring:Laminate
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Fireplace:false
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Laundry Features:Individual
Room Dimensions
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Living Area:4484
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Living Area Units:Square Feet
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Living Area Source:Professional Measurement
Location
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Directions:From I-65 N, take Exit 85 (Rosa Parks Blvd). Turn right on Rosa Parks, then right on Garfield St. Slight right onto Delta Ave, which becomes Buchanan St. Property is on the right at 916 Buchanan
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Latitude:36.1806288
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Longitude:-86.80270016
The Property
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Parcel Number:081083M20100CO
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Property Type:Residential Income
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Lot Size Units:Acres
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Zoning:CS
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View:City
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View:true
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Property Attached:true
Listing Agent
- Contact info:
- Agent phone:
- (888) 400-2513
- Office phone:
- (888) 400-2513
Taxes
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Tax Annual Amount:19785
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:Central Air, Electric
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Cooling:true
Utilities
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Utilities:Water Available
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Jones Paideia Magnet
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Middle Or Junior School:John Early Paideia Magnet
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High School:Pearl Cohn Magnet High School
The Community
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Subdivision Name:Buchanan Point
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Waterfront:false
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Pool Private:false
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Association:true
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$1,072Association Fee:
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Association Fee Includes:Exterior Maintenance, Maintenance Grounds, Insurance, Pest Control, Trash
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Association Fee Frequency:Monthly
Parking
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Parking Total:8
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Parking Features:Asphalt, Assigned, Parking Lot
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Garage:false
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Attached Garage:false
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Carport:false
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Open Parking Spaces:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/13/25
Jun 13, 2025
|
Listed / Active | REALTRACS | $3,595,000 |