STR-Eligible Nashville Investment Property: 803 21st Ave N - $579,000

Looking for a Nashville short-term rental investment with an STR permit structure already in place? 803 21st Ave N is an exciting opportunity for investors who want a property with income potential, a strong location, and a backyard that can be transformed into a guest-friendly amenity space.

This property is currently held in an LLC, creating the potential for an LLC transfer structure. For the right buyer, that may allow the existing STR permit and business structure to remain in place, making this a very attractive Nashville Airbnb investment opportunity.

Property Highlights

803 21st Ave N offers a strong combination of livability, income potential, and future upside.

Highlights include:

  • 3 bedrooms
  • 2.5 bathrooms
  • Approximately 1,690 square feet
  • Open floor plan
  • Stainless steel appliances
  • Large backyard
  • STR-eligible structure
  • Potential LLC transfer
  • Existing permit structure
  • Strong short-term rental upside
  • Value-add amenity potential

The home has a functional layout, natural light, tall ceilings, multiple sleeping areas, and a large backyard that can be customized to improve the guest experience.

Why This Property Stands Out

The biggest value-add opportunity at 803 21st Ave N is the backyard.

For Nashville short-term rental guests, outdoor amenities can make a huge difference. A blank-canvas backyard gives an investor the ability to create a memorable guest experience with features like:

  • Hot tub
  • Deck or patio
  • Cowboy pool
  • Barrel sauna
  • Cold plunge
  • Outdoor dining area
  • Fire pit
  • Mural wall
  • Pet-friendly turf
  • Pet rinse station
  • Games and lounge space

The right amenities can help a Nashville Airbnb stand out online, improve photos, increase guest appeal, and potentially support stronger nightly rates.

What Is an LLC Transfer STR Property?

Some Nashville STR properties are owned inside an LLC. In certain situations, instead of buying the property personally and applying for a new STR permit, a buyer may be able to acquire the LLC that owns the property and holds the existing STR permit.

This is commonly discussed as an LLC transfer or MIPA-style transaction.

That may sound complicated, but with the right team involved, it is much more manageable than most buyers expect. The key is making sure the buyer has the right real estate agent, attorney, lender, CPA, and insurance guidance before moving forward.

If you are considering a Nashville STR property with an LLC transfer structure, we can help you understand what questions to ask and who needs to be involved.

Investment and Underwriting Summary

In the video, Pete walks through a sample underwriting approach for 803 21st Ave N, including:

  • Estimated purchase price assumptions
  • DSCR loan assumptions
  • 20% down payment scenario
  • Average daily rate projections
  • Occupancy assumptions
  • Gross revenue estimates
  • Operating expenses
  • Mortgage, taxes, and insurance
  • Amenity improvement budget
  • Estimated annual cash flow
  • Potential appreciation assumptions

The underwriting shown in the walkthrough uses conservative assumptions while still showing meaningful upside potential if the property is improved and positioned correctly.

Pet-Friendly STR Potential

One of the opportunities with this home is creating a pet-friendly short-term rental experience.

Pet-friendly STRs can appeal to a wider guest pool and may allow owners to collect additional pet-related fees. With the large backyard and oversized bathroom layout, this property has potential to support a guest-friendly and pet-friendly setup.

Ideas could include:

  • Durable furnishings
  • Easy-clean surfaces
  • Outdoor pet area
  • Pet rinse station
  • Clear house rules
  • Additional pet fees
  • Professional cleaning standards

Done correctly, pet-friendly amenities can help a Nashville STR stand out from competing listings.

Download the Nashville STR LLC Transfer Buyer Checklist

Before buying an STR-eligible property in Nashville, it is important to understand the permit structure, financing options, revenue assumptions, operating expenses, and legal review process.

Download our Nashville STR LLC Transfer Buyer Checklist to see what you should review before purchasing a short-term rental eligible property in Nashville.

[ADD PDF DOWNLOAD LINK HERE]

Thinking About Buying a Nashville STR?

Whether you are looking at 803 21st Ave N or another short-term rental opportunity in Nashville, the most important step is understanding the numbers, the rules, and the structure of the deal before you buy.

The Grow Team Nashville helps buyers evaluate STR-eligible properties, LLC transfers, DSCR loan scenarios, house hacking opportunities, and long-term Tennessee real estate investments.

Have questions about this property or want help analyzing another Nashville Airbnb investment?

Contact The Grow Team Nashville
David: david@realgrowteam.com
Pete: pete@realgrowteam.com
Call/Text: 615-979-1644

 

👉 DM me today to learn more or let’s talk about your next move!