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12 Unit Multifamily Property in Nashville's Gulch / Edgehill Sold

12 Unit Multifamily Property in Nashville's Gulch / Edgehill Sold September 15, 2021

To be redeveloped into new residential

Nashville, TN Avison Young is pleased to announce the sale of 1034 13th Avenue South in Nashville, Tennessee. The 1.14-acre redevelopment lot sold for $3.35 Million. The multifamily deal consists of six buildings / 12 units and is located just off the intersection of 12th Avenue and Edgehill. The disposition team at Avison Young led by Jordan Powell, Mike Jacobs and Lisa Maki exclusively represented the seller, Nashville Rental Partners, in this transaction. “With 1034 13th Avenue, we were able to create a competitive marketing process and hit the seller’s strike price and terms – which is always the goal in a transaction.  It was a glove fit for the buyer as well and both sides were happy with the result” noted Jordan Powell, Vice President of Capital Markets, who spearheaded the sales process.   

The property is a unique existing multifamily complex housing six individual lots that are permit-ready for 12 luxury homes or to be held-as-is. The asset is walking distance from the Gulch, Edgehill Village and Music Row.

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Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.