1 month on rocket

540 Weakley Ave, Nashville, TN, 37207

$1,750,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,861 SqFt
$940/SqFt
House

Location

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540 Weakley Ave, Nashville$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAttached - Rear
Attached Garage2 spaces
Year Built2019
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewCity
MLS #2759881
StatusActive

About 540 Weakley Ave

Amazing opportunity to own your very own Nashville Airbnb STR approved complex! Bringing in approximate $168k in Gross income this property surely would make it a great DSCR loan , 1031 Exchange opportunity as well as a regular conventional play. Live in one and rent the other on your favorite short term rental platforms! Zoning is MUN-A and and approved for Airbnb Non owner occupant operations. Also individual units can be purchased separately as well as the package of all 6!!! Reach out for showings, they keep pretty book so be patient. Seller is really to look at any reasonable offers! More units amiable (6 total) the estimated gross revenue is $168,000 ($84,000 per unit × 2). Total expenses amount to $45,428 ($22,714 per unit × 2), which includes costs for utilities, cleaning, insurance, and property taxes. This results in an estimated net income of $122,572 after expenses. Please note, this figure does not account for property management fees or any applicable mortgage payments.

Property Details

Property Features

Property Information:

  • Year Built: 2019
  • Living Area: 1,861 SqFt

Listing Office:

  • Office Name: Hive Nashville LLC
  • Office Phone: (615) 613-4461
  • Listing Agent: Michael Gomez

Interior Features

Interior Information:

  • Flooring Type: Finished Wood, Tile

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached - Rear

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From Downtown - I-65N/I-24W to Trinity Lane exit. End of ramp turn left then left onto Brick Church Pike, right on fern and then left on Weakley. OR from Jefferson St, left on WBC then right on Weakley. 6 units on the corner - 2 buidings

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
  • Price Per SqFt: $940/SqFt

Tax Information:

  • Annual Amount: $5,283
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Nashville, TN.

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Nashville, TN

City

Med. Sold Price

$531.2K

Med. Price/SqFt

$307

Avg. Days On Market

34

# of Sold Homes

461

540 Weakley Ave vs Nashville

37 DAYS ON ROCKET

+3 Days

$1,750,000

+$1.2M More

$940/SqFt

+$632 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $632/SqFt more than other homes in Nashville, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REALTRAC
  • MLS Number: #2759881

Listing Office:

  • Office Name: Hive Nashville LLC
  • Office Phone: (615) 613-4461
  • Listing Agent: Michael Gomez

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by 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© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:18:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 17, 2019Home Sold
$2,600,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,283$125,160
2019$1,263$21,225

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-822356
3
/10

  • Shwab Elementary School

  • 1500 Dickerson Pike

  • 0.63 miles

  • Public District Grades PK-4

school-card-donut-822357
9
/10

  • Purpose Preparatory

  • 220 Venture Cir

  • 0.70 miles

  • Public Charter Grades KG-4

school-card-donut-822358
3
/10

  • Hull-Jackson Elementary School

  • 1015 Kellow St

  • 1.47 miles

  • Public Magnet Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,294. The most common annual income of people living in Nashville, TN is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 Weakley Ave

What is the listing price of this property?

The listing price of 540 Weakley Ave property is $1,750,000.

What type of property is this?

The property 540 Weakley Ave is a house located in Nashville, Tennessee, 37207.

Is this property for sale now?

Active Listing: 540 Weakley Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,283 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 17, 2019 for $2,600,000. (source: MLS/tax record).

What is the square footage of this property?

The property 540 Weakley Ave is 1,861 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 Weakley Ave is 2019.

Rocket Homes›Tennessee›Davidson County›Nashville›37207›540 Weakley Ave

This home is located at 540 Weakley Ave in Nashville, TN and zip code 37207 in the Bordeaux / White's Creek neighborhood. This 1,861 square foot home was built in 2019. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,750,000.

While more than 62 listings in Nashville, TN in November 2024 were sold above asking price, there were more than 119 listings sold at asking price, and more than 276 were sold below. The inventory of homes for sale in Nashville, TN between October 2024 and November 2024 increased by 2.3%. Listings spent 34 days on the market in November 2024, and had a median list price of $531,293 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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