2011 Manchester Ave, Nashville, TN 37218 For Sale

Description

STR-Zoned Cottage + DADU! A rare opportunity to potentially take advantage of the STR Loophole and 100% bonus depreciation via cost segregation. This unique short-term rental property brought in over $90K in gross revenue over the past 12 months — and that’s with plenty of room to grow. Zoned for non-owner-occupied STR, it offers rare flexibility whether you’re an investor looking for a cash-flowing asset, a homeowner wanting to offset your mortgage, or someone seeking a hybrid setup. The property features a renovated 1930s cottage full of charm and character, paired with a fully equipped detached guest house (DADU) — both on a single lot. In a market where most STRs are townhomes or condos, this setup is nearly impossible to find. The main home features original hardwoods, arched doorways, curated vintage touches, and updated mechanicals. The guest house is private, turnkey, and stylish — with its own kitchen, living area, and separate entrance. You can live in the front and rent the back, rent both for maximum return, or simply hold a unique asset in Nashville’s STR space. The owners have invested heavily into meaningful updates, including all new electrical and PEX plumbing in the main house, refinished original hardwood floors, newer HVAC, luxury vinyl plank flooring in the DADU, a new fence, crawlspace improvements, brand new furniture, a hot tub, and more — all of which convey with the sale. The property shows beautifully, performs well, and stands out from the competition with its charm, flexibility, and thoughtful improvements.