**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability…
The Story
11 music square east 608
**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability within one of the area's most desirable corridors. Here, you and yours guests never sacrifice location and all units are fully renovated. Originally a hotel where Elvis, Johnny Cash, Dolly, and more stayed, the guitar-shaped pool sets the scene while live music from Demonbreun drifts up and down the sidewalks. This is an authentic Nashville experience that other buildings simply cannot touch. Walkable to Broadway, The Gulch, and Edgehill, and with parking on-site, this portfolio presents a turnkey opportunity for investors on Day 1 with a long-standing and proven track record of guest reviews and income. This premier location offers all of the touchpoints that guests are searching for, making these units a standout in a competitive short-term rental market. Option to connect two additional units together to create an additional 4 bed, 2 bath stay would further maximize profit. HOA includes: Water, Electricity, Exterior Maintenance, Grounds Maintenance, and Trash Pickup. Financials available. This is an active and very busy short-term rental! Showings will be scheduled around booking calendar.
Facts & Features
Property Info
Price
$2,980,000
Completion Year
1,974
Living Space
5,450 sq ft
Floors
6
Bedrooms
12
Bathrooms
7
Garage
6 spaces
Features & Amenities
Garage / Parking
Secure and convenient space for cars, scooters, or guest vehicles.
Central Cooling
Stay comfortable year-round with efficient climate control.
Image Gallery
Explore Every Detail
Tell us where you are in your search
Interested in this, or something like it?
Yes, this is it
Drop your details and we will help you find what you are looking for.
Step 1 of 4
Not quite. Help me find the right one
Talk it through, or type it out. e.g. "4 bedrooms, walking distance to good schools, somewhere quiet near Nashville, under $2.4M."
Got it!
We're matching homes to what you described and will reach out shortly.