404 Douglas Avenue

Nashville TN 37207

16050 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

The three-story asset features an elevator-served layout and consists of 16 residential units and one retail space. The residential mix includes fifteen (15) two-bedroom, two-bathroom units averaging approximately 980 square feet, and one (1) three-bedroom, two-bathroom unit totaling approximately 1,300 square feet. The ground-floor retail space spans approximately 1,100 square feet and is fully leased. The retail tenant operates under a NNN lease structure with a renewal option in place. The tenants have demonstrated strong performance and expressed intent to renew, providing stable in-place income and reduced leasing risk. The offering is presented as a fully furnished, turnkey investment, inclusive of all residential units and the stabilized retail component. All financial figures provided reflect current, in-place operations and are not based on pro forma assumptions. The Wanderer has demonstrated improving recent performance, with increasing occupancy and improved income trends in 2027.

Features

23 carspaces

23 open car spaces

16050 sq. ft. floor area

Multi-Family

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