Michael Osborne
BEDS0
BATHS
SQUARE FEET16,050
MLS#3623394
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWanderer East
Property Description
The three-story asset features an elevator-served layout and consists of 16 residential units and one retail space. The residential mix includes fifteen (15) two-bedroom, two-bathroom units averaging approximately 980 square feet, and one (1) three-bedroom, two-bathroom unit totaling approximately 1,300 square feet. The ground-floor retail space spans approximately 1,100 square feet and is fully leased.The retail tenant operates under a NNN lease structure with a renewal option in place. The tenants have demonstrated strong performance and expressed intent to renew, providing stable in-place income and reduced leasing risk.The offering is presented as a fully furnished, turnkey investment, inclusive of all residential units and the stabilized retail component. All financial figures provided reflect current, in-place operations and are not based on pro forma assumptions. The Wanderer has demonstrated improving recent performance, with increasing occupancy and improved income trends in 2027.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Stories: 3.0
Taxes: $4,660
Year Built: 2020
Feature Descriptions
Accessibility: Accessible Approach with Ramp, Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s)
Days on Site: 8
Exterior: Frame
Flooring: Wood, Tile
Laundry: Individual
Parcel#: 071150L10100CO
Parking: Alley Access, Concrete
Parking Notes: Alley Access, Concrete
Sewer: Public Sewer
Units: 17
Utilities: Water Available
Water: Public
Local Schools
High School: Stratford STEM Magnet School Upper Campu
Middle School: Stratford STEM Magnet School Lower Campu
Elementary School: KIPP Academy Nashville
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 6153836964
Shown By
Agent Name: Michael Osborne
Agent Phone: (615) 397-5054
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 22,728.78 per month $19,751.90 Principal & Interest $388.33 Property Tax $2,588.54 Homeowner's InsuranceChange Payment Information
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404 Douglas Ave | MLS# 3623394
This multi-family property located at 404 Douglas Ave , Nashville, TN 37207 is currently listed for sale with an asking price of $8,875,000. Search Nashville real estate on www.michaelosbornerealestate.com today.