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|Number of units||61|
Single-Family Rental Investment Opportunity
61 Home Community – 2021 Construction – Urban Core Nashville Submarket
49TN is a recently completed, purpose-built rental community strategically located in The Nations, one of Nashville’s most desirable urban submarkets. Adjacent to Stocking 51 Mixed-Use Center, 49TN offers renters a one-of-a-kind single family rental experience in a dedicated rental community.
49TN was developed by Elmington Residential in 2020 and 2021 and leased quickly upon home deliveries. Currently 100% leased on available homes (54 of 54 homes), 49TN offers investors the unique opportunity to capitalize from the strong renter demand for professionally managed, class A homes in a market that continues to be undersupplied in both single family rental homes and for-sale single family homes.
- Recently-completed construction with rapid lease-up
- Currently 100% leased
- 59 3BR and 2 4BR homes with an average home size of 1,817 square feet
- All homes include private porch/balcony, walk-in closets, garage, stainless steel appliances, quartz countertops, and premium tile backsplash.
- 3-Mile Average HH Incomes of $92,000+
- 2021 Projected Rent Growth for West Nashville Submarket: 3.7%