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$469,500

For Sale - Active
900 20th Ave S Apt 804, Nashville, TN 37212
1 Bed
1 Bath
808 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: May 17, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$1,408
Cap Rate
2.1%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-11.1%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

The Adelicia! Unit has a rental permit! Priced to sell so don't miss this chance.(Compare comps...2023 comps: mls #'s 2509627 & 2477742 & 2022 comps: mls #'s 2359059,2366745,2393667). Peaceful & beautiful views of the almost Olympic length pool, green hills & Scarritt Bennett church tower! Walk out your door to all the conveniences of Midtown including the brand new full service Turnip Truck grocery store with a hot food bar & a chilled food bar as well as great fresh & healthy food literally one block from Adelicia's main entrance. If you enjoy a water view this 8th floor unit is uniquely situated 20' over the sprinkling water of Adelicia's Olympic length heated pool. Unit has spacious 9'ceilings! This 8th floor unit is ideally located enabling you to take the stairs down one floor to the best condo fitness center in all of Nashville's condominiums(must see to appreciate) & just 2 floors from the coffee lounge & pool deck which features a rotunda and 2 grills for entertaining friends or family!! Adelicia's green walking environment is unmatched being just 1 block from the beautiful Vanderbilt & Scarritt Bennett campuses & just a 10 minute walk to Belmont University. Do not miss Adelicia's private green park with water fountain & seating to enjoy relaxing, meditating or reading a book. Also one block to all the bars & restaurants in Midtown. Adelicia's 3000 sq.ft. gym is unmatched(30 seconds from your unit 804!!) Yoga room, lounge w/ fireplace, 24 hour security fosters safe & secure environment. Spacious pool deck with 2 new grills, HOA includes google fiber & cable tv!

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Location


Property Details


Parking

  • Details: Assigned
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 2
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $623/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 092160E05500
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2007

Tax Information

  • Annual Tax: $3,456

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Davidson

Listing Details


Listed by:
Russell Buchi
Exit Realty Elite
(615) 300-8469

Source:
Realtracs
MLS#: 2807819

Investment Summary


Monthly Cash Flow
-$1,408
Cap Rate
2.1%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-11.1%

Purchase Details

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Purchase price:
$469,500
Amount financed:
-$375,600
Down payment:
$93,900
Closing costs:
$14,085
Rehab costs:
$0
Initial cash invested:
$107,985
Square feet:
808
Cost per square foot:
$581
Monthly rent per square foot:
$3.09

Financing Details

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Loan amount:
$375,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,222
Property tax:
$288
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,685

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$288-$3,456
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (25%)
25%-$623-$7,476
Total operating expenses: (61%)
61%-$1,536-$18,432

Cash Flow


Monthly Yearly
Net operating income:
$814 $9,768
Mortgage payments:
-$2,222 -$26,664
Cash flow:
$1,408 $16,896