1209 Dallas Ave #A & B new Save Request In-Person Tour Request Virtual Tour
Nashville,TN 37212
Key Details
Property Type Single Family Home
Sub Type Zero Lot Line
Listing Status Active
Purchase Type For Sale
Square Footage 4,525 sqft
Price per Sqft $750
Subdivision Victoria Place
MLS Listing ID 2950843
Bedrooms 6
Full Baths 4
Half Baths 2
Year Built 1987
Annual Tax Amount $7,070
Lot Size 3,920 Sqft
Property Sub-Type Zero Lot Line
Property Description
Income-Producing Luxury Compound in The Heart of 12 South -- Live, Rent, Expand or STR possible with owner occupation. Rare opportunity in prime 12 South to own all homes at 1209 Dallas Ave (two homes and one apartment). 1209A is a three-bedroom, two-and-a-half bathroom with two car garage. Long-term comps $11,000/month, Mid-term $15,000+ (niche mid-term opportunity as not many options in 12 South). 1209A offers separate full one-bedroom/one bathroom apartment over the garage, long-term comps at $2,200-$2,700/month, mid-term and STR also. 1209B the two-bedroom/one-and-a-half bathroom has been rented as a mid-term fully furnished corporate rental. Currently rented for $8,930/mo gross through August 6, 2025. Approved 1,700 square foot addition in the rear of 1209B.
This is not just a rental property, it's a luxury lifestyle asset, a multigenerational opportunity with cash-flow, long-term passive income -- true lifestyle unicorn in the heart of 12 South!
Projected $265K-$300K+ annually (long-term and mid-term blended). All units are fully renovated, all hardwoods, modern systems, vaulted ceilings, fireplaces, exposed brick, private courtyard oasis.
Perfect for: owner-occupants wanting to offset lifestyle with rental income, investors seeking stable long or mid-term returns with STR potential, multigenerational living, value-add buyers with vision -- development opportunity and great for 1031 exchange buyers.
Live in one home while your others cover your lifestyle. Or rent all three and enjoy passive income in a red-hot, unbeatable location. Walk to Sevier Park, all shopping and restaurants in 12 South.
Showings by appointment only. Buyer to verify all information.
Location
State TN
County Davidson County
Interior
Heating Central,Natural Gas
Cooling Ceiling Fan(s),Central Air,Whole House Fan
Flooring Wood,Tile
Fireplaces Number 2
Exterior
Exterior Feature Gas Grill,Storm Shelter
Garage Spaces 2.0
Utilities Available Natural Gas Available,Water Available,Cable Connected
View Y/N false
Roof Type Asphalt
Building
Lot Description Zero Lot Line
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Waverly-Belmont Elementary School
Middle Schools John Trotwood Moore Middle
High Schools Hillsboro Comp High School
Others
Special Listing Condition Owner Agent