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I have an amazing historic mansion in the heart of midtown.  This home would be great for an investor or a large family.  The main home consists of six bedrooms, ALL with en suite bathrooms! The additional 2 bedrooms with en-suite bathrooms as well can be accessed via the master bedroom or from a separate entrance on the left side of the home.  This apartment has a small kitchenette that would be perfect as an in-law suite.   The property has a unique zoning allowing it to short term rented without a STR permit because it was zoned to be a bed and breakfast in 1999.  Iâ€™ve been operating as a short term rental for the past 2.5 years and have done very well.  2024 NET income after taxes, management, maintenance, utilities etc was ~$230,000.  2025 numbers will be very similar.  At the list price of $2,975,000 youâ€™d be looking at a roughly 7.7% CAP rate.  The home can also be lived in and partially rented as there is a two bed, two full bath apartment with a separate entrance attached to the home.   You can rent the apartment or use it as in-law suite. I have spent enormous sums of money on hardscaping the front yard and back patio area.  The walk out patio is right out of a magazine.  This is a home that you MUST see in person. Approximately 70k in furnishings. Home comes furnished with full price offer. Open house this Sunday 9/14 from 2-4pm.  Come check it out.  Owner/Agent. Call me direct for a private showing. 615-887-1938

Home Details for 2816 Blair Blvd

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