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623 & 629 W. Iris Drive
Nashville, TN 37204
Asking Price
Contact for price
Asset Type
Retail
Class
Class B
What's Special
Retail | 13,462 SqFt <ul><li>629 W. Iris: 5 Modern Airbnb Units Totaling ±13,462 SF – Cash-Flowing Asset in Nashville's Thriving Tourism Market.</li><li>623 W. Iris: ±1-Acre Undeveloped Lot – Prime for Multifamily, Mixed-Use, or Townhome Development.</li><li>Sale Price: Contact Brokers for Confidential Pricing and Financials.</li><li>Zoning: District 6 (Bransford District) in Berry Hill – Supports Up to 20 Units/Acre, 3 Stories (45' Max Height). View Approved Uses: https://www.berryhilltn.org/DocumentCenter/View
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
