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301 22nd Avenue North, Nashville, Tennessee 37203
$
1199
Bedrooms
1
Utilities Included
No
Bathrooms
1
Furnished
No
Available to Lease on
ASAP
Property Type
Apartment
SQFT
504
Key metrics
Rent
$
1199
Monthly Estimated Profit?
$
3071
Annual Estimated Profit?
$
36852
Acquisition Fee
$
3500
Security Deposit
$
1000
Average Daily Rate
$
252
Occupancy
58%
Annual Revenue
$
53928
Key Features

Property Description:

Offers studio, 1-bedroom, and 2-bedroom luxury apartments in the heart of Midtown Nashville. This high-end community combines modern design, upscale finishes, and premium amenities with an unbeatable location just 2 miles (approximately 5 minutes) from downtown Nashville.

Investment Highlights

  • Studio Apartments: Rent: $1,399
  • 1-Bedroom Apartments: Rent: $1,199 - $2,349 | Annual Revenue: $53,928+ | Monthly Profit: $3,071
  • 2-Bedroom Apartments: Rent: $2,549 | Annual Revenue: $99,288+ | Monthly Profit: $5,425
  • Deposit: Ranges from $500 - $1,000
  • Up to 10 weeks free rent on select units
  • Corporate lease limit: 29 units
  • Application Fee: $50 | Admin Fee: $200 (per application)
  • Business Tax Return (2024) and 3 Credit References Required for Corporate Lease

Apartment Features

  • Marble countertops
  • Stainless steel appliances
  • Hardwood-inspired flooring throughout
  • Designer ceramic tile backsplash
  • Large windows with abundant natural light
  • Private patio/balcony (select units)
  • Modern cabinetry
  • Air conditioning
  • In-unit washer/dryer

Community Amenities

  • Resort-style pool with sun deck
  • State-of-the-art 24-hour fitness center
  • Outdoor fireplace lounge
  • Billiard lounge
  • Community clubhouse
  • Parking garage available
  • Community mail center
  • Regular resident social events

Nearby Attractions & Distances

  • Downtown Nashville: 2 miles (5-minute drive)
  • Vanderbilt University: 0.5 miles (2-minute drive)
  • The Gulch: 1.5 miles (5-minute drive)
  • Music Row: 1 mile (5-minute drive)
  • Bridgestone Arena: 2 miles (7-minute drive)
  • Nissan Stadium: 3 miles (10-minute drive)

Rental Terms & Fees

  • Lease Length: 1 Year+
  • Security Deposit: $500 - $1,000
  • Application Fee: $50
  • Admin Fee: $200
  • Up to 10 Weeks Free Rent on Select Units

STR Regulations Summary:  

Status:
Not STR Friendly

View Regulations Here

Nashville, TN has specific regulations for non-owner occupied short-term rentals (STRs). New non-owner occupied STR permits are only allowed in certain non-residentially zoned areas24. These properties are defined as residential dwelling units with no more than four sleeping rooms, used and/or advertised for transient occupancy by guests, where the owner does not live on the property12.To operate a non-owner occupied STR in Nashville:

  1. Obtain a permit from the Metro Codes Department before listing the property4.
  2. Ensure the property is in an eligible zoning district as listed in the District Land Use Table24.
  3. Provide personal contact information for the owner and a responsible party residing within 25 miles of the property13.
  4. Submit proof of insurance, proof of written notification to adjacent properties, and a statement that the STR does not violate homeowners association agreements1.
  5. Pay applicable taxes, including business, sales, and hotel occupancy taxes24.
  6. Renew the permit annually before the expiration date2.

The current permit fee for non-owner occupied STRs is $313.003. Operators must comply with specific rules to maintain their permit, and violations can result in permit revocation4.It's important to note that these regulations are subject to change, and prospective STR operators should consult the Nashville.gov website or contact strpquestions@nashville.gov for the most up-to-date information24.

New not owner-occupied permits will only be issued as a use permitted with conditions (PC) in MUN and MUN-A, MUL and MUL-A, MUG and MUG-A, MUI and MUI-A, OG, OR20 through OR40-A, ORI and ORI-A, CN and CN-A, CL and CL-A, CS and CS-A, CA, CF, DTC North, DTC South, DTC-West, DTC Central, SCN, SCC and SCR zoning districts. You may use this website to plug in an address : Parcel Viewer (nashville.gov) . From there you’ll need to review the zoning history (there may be more than one current code). Please be aware of the attached distance bill. Please note that overlays (OV) are not zoning districts and refer to only the most recent zoning district as that is what is in effect. When you've found a property zoned appropriately please let us know the address so we may verify it meets the PC requirement.

Property Location