BEDS12
BATHS7 full
SQUARE FEET5,450
MLS#3278140
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONSpence Manor
Property Description
**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability within one of the area's most desirable corridors. Here, you and yours guests never sacrifice location and all units are fully renovated. Originally a hotel where Elvis, Johnny Cash, Dolly, and more stayed, the guitar-shaped pool sets the scene while live music from Demonbreun drifts up and down the sidewalks. This is an authentic Nashville experience that other buildings simply cannot touch. Walkable to Broadway, The Gulch, and Edgehill, and with parking on-site, this portfolio presents a turnkey opportunity for investors on Day 1 with a long-standing and proven track record of guest reviews and income. This premier location offers all of the touchpoints that guests are searching for, making these units a standout in a competitive short-term rental market. Option to connect two additional units together to create an additional 4 bed, 2 bath stay would further maximize profit. HOA includes: Water, Electricity, Exterior Maintenance, Grounds Maintenance, and Trash Pickup. Financials available. This is an active and very busy short-term rental! Showings will be scheduled around booking calendar.
Property Features
Property Type: Residential -
Basement: None
Cooling: Central Air
Garage: 6
Heating: Central
Lot Size: 0.02 Acres
Stories: 6.0
Taxes: $3,080
Year Built: 1974
Feature Descriptions
Appliances: Electric Oven, Electric Range, Refrigerator
Days on Site: 60
Exterior: ICFs (Insulated Concrete Forms)
Flooring: Wood, Laminate, Tile
HOA Fee: 805/ Monthly
Parcel#: 093130A60600CO
Parking: Unassigned
Parking Notes: Unassigned
Sewer: Public Sewer
Utilities: Water Available
Water: Public
Local Schools
High School: Hillsboro Comp High School
Middle School: West End Middle School
Elementary School: Eakin Elementary
Listed By / Shown By
Listed By
Agency Name: Compass RE
Agency Phone: 6154755616
Shown By
Agent Name: Barbara Bell
Agent Phone: (615) 948-9366
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 7,758.02 per month $6,632.19 Principal & Interest $256.67 Property Tax $869.17 Homeowner's InsuranceChange Payment Information
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11 Music Sq E, Unit 608 | MLS# 3278140
This home located at 11 Music Sq E, Unit 608, Nashville, TN 37203 is currently listed for sale with an asking price of $2,980,000. This property was built in 1974 and has 12 bedrooms and 7 full baths with 5450 sq. ft. Music Sq E, Unit 608 is located in the Spence Manor subdivision. Search Spence Manor real estate on www.barbarabellrealtor.com today.