3910 Central Pike

hermitage, 37076

Overview:

The property:

Discover a prime investment opportunity at 3910 Central Pike, Nashville, TN 37076. This property features 126, fully-renovated studio apartments and a 1-bedroom suite, all outfitted with brand new kitchenettes. The property also features full sprinkler system, a warranty-covered roof, elevator, a coin laundry, and large parking lot. Situated on a spacious 2.06-acre lot, it's strategically located across from the Tristar Summit Medical Center, only 10 minutes to Nashville, and immediately accessible from major thoroughfares such Interstate 40 and Old Hickory Blvd.

The Opportunity:

This property presents a remarkable investment opportunity in the thriving Hermitage area of Nashville. With a strong rental market boasting a mere 3% studio vacancy rate, this investment is primed for long-lasting, steady income. The robust rental growth of 76% over a decade surpasses the metro Nashville average. The new operator can take advantage of the rezoning and fresh interior renovation by increasing occupancy, rental rates, and re-valuing the property reflective of a multifamily cap rate

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