635 7th Ave S #201
Nashville, TN 37203
1491 sqft | 2 beds | 2 baths | 0.03 acres | #2980884
Description
Turnkey short-term rental investment in the heart of downtown Nashville. This fully furnished 2 BR, 2BA condo at the Hyve short-term rental mid-rise development offers a proven track record of strong returns, generating $120,000 in gross revenue in 2024 and pacing for $115,000 in 2025. Located just blocks from Broadway Ave, The Gulch, and Nashville’s top dining, nightlife, and entertainment, the property is ideally positioned to capture steady demand from both leisure and business travelers.
This condo features modern finishes, open-concept living, and a bright, stylish interior that appeals to guests. Thoughtfully designed with comfort and function in mind, the unit includes a spacious kitchen with quartz countertops and stainless steel appliances, in-unit laundry room, and two bedrooms each with a queen and twin bunk bed, so up to 8 guests can all sleep comfortably on mattresses (no sofa bed requirement for guests, like other units). The private wraparound balcony provides an added bonus for guests to relax and enjoy the outside from this unit.
Unit 201 is located on the same floor as all the main building amenities, including full gym with free and machine weights, Pelotons and treadmills, pool area with outdoor kitchen, ping pong and fire pits, and a modern indoor lounge for guests to hang out or get some work done while in town.
As a short-term rental investment, this property offers exceptional convenience: it is fully operational with strong reviews and a consistent revenue stream. Buyers can also benefit from current tax advantages, including the ability to utilize 100% bonus depreciation in 2025, a powerful tool to offset taxable income and enhance overall returns.
Building amenities and security features add further guest appeal, while the central location ensures strong year-round occupancy. Whether looking to expand an STR portfolio or secure a high-performing Nashville property, this condo represents an excellent opportunity. Owner/Agent
Property Details
- InteriorAir Filter, Ceiling Fan(s), Elevator, Entrance Foyer, Open Floorplan, Pantry, Smart Thermostat, Walk-In Closet(s), High Speed In
- Utility FeaturesElectricity Available, Water Available
- High SchoolPearl Cohn Magnet High School
- Middle SchoolJohn Early Paideia Magnet
- Exterior MaterialsBalcony, Smart Lock(s)
- Elementary SchoolJones Paideia Magnet
- CountyDavidson County, TN
- Sewer InformationPublic Sewer
- Property SubtypeFlat Condo
- Property TypePurchase
- Original List Price$995,000
- Taxes Annual$10,624
- MLS #2980884
- MLS #2980884
- Utility SourcePublic
- Cost995000
- ViewCity
- Acres0.03
- Square Feet1491
- Year Built2023
- FoundationSlab
- SubdivisionHyve
- Hoa Fees1021
- PetsCall
- Bedrooms2
- Bathrooms2
- Full Baths2
- Parking Spaces1
Location
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Last Updated: . Source: REALTRAC
Listing Courtesy
Listing Agent: Chris Koch (#RTC47054)
Listing Office: Benchmark Realty, LLC (#RTC3222)
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