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1017 12th Ave S 3 Unit Apartment Building $7,952,361 CAD ($2,650,787 CAD/Unit) 8.19% Cap Rate Nashville, TN 37203
EXECUTIVE SUMMARY
SELLER FINANCING AVAILABLE. One of a kind multi-family with over 9000 SF, three-unit High Rise Living in Nashville overlooking Downtown and Midtown just a couple blocks from The Gulch in an OPPORTUNITY ZONE - the ultimate lock and leave opportunity. Unique, four-story, private luxury residences with incredible 270+ degree views of midtown and downtown Nashville from both units. There is nothing like it. 9 total bedrooms, 9 total bathrooms. THE A UNIT is 4511 SF and features a Full-Floor 1215 SF Primary Suite + Office - an ENTIRE FLOOR for the Primary Suite. 4th Floor Living-Kitchen-Dining with sweeping downtown and midtown views and soaring 14' ceilings. Wolf 48" Gas Range with Double Oven. Sub Zero 48" Cabinet Panel Refrigerator. Cabinets from Nashville Modern Cabinetry. Commercial Style Elevator with motorized doors to All Four Floors. Floating Monotube Stairs and LED lighting in the Entry Lobby, Elevated Decks on Every Level, & 3 Car Garage with two storage rooms. Additional 2nd office or 5th bedroom on the entry level. High-rise condo location with elevated living but includes the space you need for guests and work-at-home with zero maintenance and private parking. THE B UNIT is identical with the same upper 3 floors but has a 2 car garage and without the 5th bedroom. THE C UNIT features a Private, Single Car Garage. Nicely Appointed, with a Full Kitchen, Full Bath, and Laundry. The C unit could make a fantastic additional flex option for a separate in-law suite, nanny, au pair and more.
PER STORY SQ FT AS FOLLOWS: Basement/Garage Level is 1927 sq ft finished (957 sq ft A unit + 435 sq ft B unit + 535 sq ft C unit). 2nd Floor Main Level is 3102 sq ft (1551 sq ft A unit + 1551 sq ft B unit). 3rd Floor Owner Suite Level is 2430 sq ft (A unit is 1215 sq ft + B unit is 1215 sq ft). 4th Floor has the two Living/Kitchen Levels with 1576 sq ft (788 sq ft A unit + 788 sq ft B unit). RARE opportunity to live in one side and rent out the others with incredible potential for financing and revenue or do a combination and make it a massive 9000+ sq ft single residence. 6 total garage spaces. 9 bedrooms plus studio, 9 total bathrooms. NOI is based on OO STR projections provided by a concierge management service.
PER STORY SQ FT AS FOLLOWS: Basement/Garage Level is 1927 sq ft finished (957 sq ft A unit + 435 sq ft B unit + 535 sq ft C unit). 2nd Floor Main Level is 3102 sq ft (1551 sq ft A unit + 1551 sq ft B unit). 3rd Floor Owner Suite Level is 2430 sq ft (A unit is 1215 sq ft + B unit is 1215 sq ft). 4th Floor has the two Living/Kitchen Levels with 1576 sq ft (788 sq ft A unit + 788 sq ft B unit). RARE opportunity to live in one side and rent out the others with incredible potential for financing and revenue or do a combination and make it a massive 9000+ sq ft single residence. 6 total garage spaces. 9 bedrooms plus studio, 9 total bathrooms. NOI is based on OO STR projections provided by a concierge management service.
PROPERTY FACTS
| Price | $7,952,361 CAD | Building Class | B |
| Price Per Unit | $2,650,787 CAD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 15,202 SF |
| Cap Rate | 8.19% | No. Stories | 4 |
| No. Units | 3 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 3.67/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise |
| Price | $7,952,361 CAD |
| Price Per Unit | $2,650,787 CAD |
| Sale Type | Investment |
| Cap Rate | 8.19% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 15,202 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 3.67/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Wheelchair Accessible
- Walking/Biking Trails
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3.5 | 1 | - | 4,511 |
| 4+3.5 | 1 | - | 3,989 |
| Studios | 1 | - | 535 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $304,744 CAD | Total Assessment | $304,744 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$304,744 CAD
Improvements Assessment
$0 CAD
Total Assessment
$304,744 CAD
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1017 12th Ave S
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