2425 Atrium Way
- Immediate Upside: Recently approved by MDHA for voucher program - implementation of Section 8 allowing potential increases to rents for studios to $1602, one bedrooms to $1665 and two bedrooms to $1845.
- Newly Renovated (2024): Atrium Flats offers investors a true turnkey opportunity with minimal near-term capital needs.
- Strong Rent Positioning: Current asking rents average $1,063 ($3.05/SF) — well below submarket averages of $1,438 ($3.21/SF) offering significant upside as lease-up stabilizes.
- High-Demand Micro-Unit Concept: Studio and one-bedroom units comprise over 95% of the property mix, aligning with Nashville’s surging demand for attainable, efficient housing.
- Professional Management: Operated by Elmington Property Management, one of the region’s leading multi-family operators.
- Excellent Connectivity: Located just off Briley Parkway and Elm Hill Pike, within 10 minutes of Downtown Nashville, Opry Mills, and Nashville International Airport.
Property Description
SVN | Accel Commercial Real Estate is proud to present Atrium Flats, a newly renovated 123-unit multifamily community ideally positioned in the Merry Oaks neighborhood of Nashville, Tennessee. Atrium Flats delivers modern, efficient housing in one of the city’s fastest-growing submarkets, strategically located between Downtown Nashville, the airport corridor, and Donelson. Purposefully designed for Nashville’s evolving renter demographic, Atrium Flats offers a mix of studio, one-bedroom, and two-bedroom units averaging 354 square feet, combining contemporary finishes with functional layouts that cater to working professionals, students, and service-sector tenants seeking high-quality living at attainable price points.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $15,375,000 |
| No. of Units: | 123 |
| Year Built: | 1985 |
| Lot Size: | 2.62 Acres |
| Opportunity Zone: | No |
| Price per unit: | $125,000 |
| Property Website | Click Here |
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