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451 Aerospace Way
Nashville, TN 37217 Outer Southeast Nashville

$4,200,000 USD

Apartments For Sale  •  22,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,400 SF
  • Lot Size 0.63 AC
  • Building Class C
  • Year Built 1967
  • Zoning CS
38 Transit Score
21 Walk Score

Highlights

42-Unit Multifamily Conversion: Former Motel Successfully Repositioned into Multifamily Housing, Offering Operational Stability with Upside
Strong In-Place Returns: Generating a 6.3% Cap Rate on Current Income, Making it a Compelling Yield in Today’s Market
Value-Add Opportunity: Interior Upgrades and Amenity Enhancements Can Further Boost Rents and NOI
Within 15 Minutes of Downtown Nashville – Access to Major Business Districts, Cultural Landmarks, and Entertainment Venues
Close to Retail & Dining Corridors – Including Murfreesboro Pike and Harding Place with Options like Kroger, Walmart, and Local Restaurants
Conveniently Located Near Nashville International Airport (BNA) – Just 3 Miles Away, Offering Convenient Travel Access and Growing Infrastructure

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Property Manager on Site
  • Heating
  • Walking/Biking Trails
  • Refrigerator
  • Tub/Shower
  • Freezer

Public Transportation

Commuter RailDriveWalkDistance
Donelson (East Corridor Line - Tennessee Regional Transportation Authority Music City Star (Music City Star)) 10 min - 5.4 mi
Riverfront (East Corridor Line - Tennessee Regional Transportation Authority Music City Star (Music City Star)) 10 min - 5.6 mi
AirportDriveWalkDistance
Nashville International 6 min - 3.0 mi
Carter Boone 828-230-7043 Franklin Street
Carter Boone 828-230-7043 Franklin Street