Nashville Short-Term Rental Investment Properties For Sale
Airbnb investment properties in Nashville have become quite popular in recent years and should be considered a great solution if you’re someone who is looking to grow a real estate investment portfolio. Along with a growing population and a booming economy, Nashville is a great city for any real estate investment right now, but especially short-term rentals. Tourism here continues to thrive thanks to a world-famous music scene and plenty of local attractions, and with more people visiting, demand for places for people to stay is likely to remain strong. Additionally, Nashville also has a significant number of universities and colleges, which also helps drive visitors to the area as well. Before making any short-term rental investment, however, it's always important to check-in on current zoning restrictions and regulations, which our team is always on top of. So for more information about Nashville short-term rental investment properties and Airbnb rentals for sale, contact us to discuss all your investment goals, or take a closer look at what short-term rentals projects, developments, and neighborhoods currently have properties available below.
Is Airbnb Legal in Nashville?
Short-term rental and investment properties have become a controversial topic in Nashville thanks to the growing popularity of Airbnb, HomeAway, and VRBO. While many people argue short term rental properties help fuel the local economy and benefit the city of Nashville, some home owners believe they are hurting neighborhoods throughout the area.
As to whether Airbnb is legal in Nashville, Nashville and Davidson County law requires that anyone wishing to rent a home or condo on Short-Term Rental Property (STRP) websites must receive a permit from the Metro Codes Department prior to listing a property. In Nashville, there are two types of STRP permits: owner-occupied and non-owner occupied. Non-owner occupied permits, which are mostly investor-owned properties, are typically only granted in certain non-residential zones, which are outlined here.
Is Nashville a Good Place to Invest in Short-Term Rentals?
Simply put, Nashville has one of the hottest housing markets in the country right now. For short-term rental investors and investment property buyers, Nashville’s tourism industry is thriving and only getting better, which is essential for maximizing bookings, profitability, and your overall return on investment. In addition, Nashville’s cost of living is also relatively low compared to most major coastal cities and job growth continues to be on the rise, ensuring Nashville real estate makes for a strong long-term investment too.
How Many Airbnb Listings Are In Nashville?
According to Inside Airbnb, Nashville has right around 6,000 Airbnb listings. More than half of the active listings are “entire homes or apartments,” or non-owner occupied, and the average price per night is appropriately $209/night.
Top Airbnb Investment Properties & Communities in Nashville
Wondering where to buy an Airbnb investment property in Nashville? Below are just several of the area's top short-term rental communities and developments buyers and real estate investors need to consider right now.
The WestVue townhomes in Nashville are short-term / AirBnb eligible while also offering ample living space. Units at WestVue provide amazing views of Downtown Nashville and the Cumberland River and each residence also has its own private rooftop deck.
Elevate at City Heights
Elevate at City Heights is a modern, 15-unit Airbnb short-term rental complex that sits along 31st Avenue North in Nashville. Floor plans at Elevate at City Heights have 3 and 4 bedrooms and all units also have a rooftop terrace with amazing views.
Axis27 Townhomes are spacious, Airbnb / short-term rental townhouse residences with plenty of upside. Located along 27th Avenue, townhomes at Axis27 are just minutes from downtown, and each unit is also equipped with premium finishes that range from quartz countertops and high-end appliances to keyless entry and a private rooftop terrace.
Vibe East Nashville
Vibe East Nashville sits at 1050 E. Trinity Lane and was built and developed by HV Urban. Consisting of just 8 townhomes, each floor plan at Vibe East Nashville has 4 bedrooms, 4 bathrooms, a 2-car garage, and just under 2,000 square feet.
Endeavor At City Heights
Endeavor at City Heights is located at 2525 Clifton Avenue in Nashville. Consisting of 6 studio condos, 18 one-bedroom condos, and 7 three-bedroom condos, Airbnb investors have many more options to consider at Endeavor at City Heights, ultimately appealing to a much broader range of prospective buyers.