Description
Music Row Cash Machine: Turnkey 2-Bed STR Condo with Proven Income!
Step into the rhythm of Nashville with Unit #601, a vibrant 1050 sq ft, 2-bed/1-bath condo in iconic Spence Manor, where Music City magic meets serious cash flow! This high-floor gem boasts a grandfathered Non-Owner Occupied Short-Term Rental Permit (NOO STRP)—a rare find in 37203—delivering $36,000/yr average income (2020-2024, peaking at $48K) and a stellar 4.9/5 stars from 150+ VRBO reviews. Perfect for savvy investors or dreamers craving a pied-à-terre just steps from Broadway’s honky-tonks (0.5 mi), Vanderbilt (0.8 mi), and the Gulch’s buzzing dining scene. With a Walk Score of 96, this is your ticket to Nashville’s soul—and a turnkey money-maker!
Why You’ll Love It:
Proven STR Powerhouse: Fully furnished for 6 guests (king/queen beds, sleeper sofa), raking in $4,000-$4,500/mo at 75% occupancy ($200-250/night). Legal 365-night rentals—new permits are nearly impossible here!
Chic & Inviting: Bright, open layout with gleaming hardwood floors, large windows, and 6th-floor views of Music Row. Pro-staged with a cozy gray sectional, 55″ Smart TV, and plush linens—guests rave, buyers swoon! Historic guitar-shaped swimming pool is available to cool you or your guests off in the summer!
Modern Kitchenette & Bath: Granite counters, stainless appliances, subway tile backsplash. Updated bathroom with quartz vanity, tiled shower, and sleek fixtures—ready for renters or you. Note, there is no 220v to the unit but it can be added.
Prime Perks: In-unit laundry (stackable W/D), utilities included in HOA (~$820/mo).
Music Row Magic: Walk to Tootsie’s, dine at The Row, or stroll Centennial Park. Live or rent in the heart of Nashville’s creative pulse.
Why Now?
This 1974-built condo blends retro charm with modern updates, priced for opportunity (building may see future upgrades, HOA financials available). Nashville’s 2025 condo market is humming (+1.8% YoY), and STR-eligible units like this are pure gold. Whether you’re banking $36K+/yr or living the Music City dream, #601 is your stage!
** Unit is being sold furnished.
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Neighborhood & Market Insights
This property is priced close to the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
-1.5% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
