PRESENTEDBY C o m p l e t e d N e w D e v e l o p m e n t A v a i l a b l e - 2 7 U n i t s $ 1 4 , 5 0 0 , 0 0 0 . 0 0
ARCHITECT:
DEVELOPER:
LISTED BY: Gary Ashton Holly Phillips
TABLE OF CONTENTS INVESTMENT HIGHLIGHTS ................................... 4 COMMERCIAL RELOCATION ................................ 12 PROPERTY OVERVIEW ........................................... 7 FINANCIALS ........................................................... 11 LOCAL MAP ............................................................. 9 NASHVILLE OVERVIEW ......................................... 14 AMENITIES & MORE ................................................ 8 UNIT DETAILS .......................................................... 5
I N V E S T M E N T
THE PROPERTY
27 Units to be completed by April 15, 2023
3 Variations of unit models to fit active, family, and luxury lifestyles in one upscale living community.
The build-out includes the opportunity for low-maintenance amenities (see page 7) including; fire pits, grills, and a dog park.
The ideal location in desirable West Nashville is nearby local shopping, entertainment, corporations, and more!
Location Stats
The Median Household Income in West Nashville is
$104,541
Thisisalmost themedianincomein Tennessee
DOUBLE
Over 6,000 households rent costing > $2,000/mo
3 BEDROOMS
2.5 BATHROOMS
2,067 SQFT
U N I T S
2 BEDROOMS
2.5 BATHROOMS
1,451 SQFT
3 BEDROOMS
2.5 BATHROOMS
2,482 SQFT
27 units available at Downtown Nashville's newest luxury property. Each premier townhome will include stainless steel appliances, a range, microwave, a dishwasher, and more!
UNIT A UNIT B
UNIT C
UNIT A
Gorgeous townhome with 3 stories of elevated living spaces. A single en-suite on the lower level. Head upstairs to the open-concept living space ideal for entertaining. The kitchen includes soft-close shaker cabinets and drawers and natural light from the oversized windows and glass doors that open to the terrace. The remaining bedrooms are located on the third floor, including the master suite. The stunning master bedroom has a second terrace, a walk-in closet with natural light, and a bath with a tiled shower and dual vanities. Just across the hall, the upstairs bedroom has a breathtaking view of the hills behind the neighborhood. The laundry room is conveniently located between the two upstairs bedrooms. You will love this family-friendly unit.
UNIT B
Beautiful 2-story townhome. Enter through the garage into the kitchen and a sitting area filled with natural light. The kitchen is complete with soft close shaker cabinets and drawers. An intimate seating area has the potential to become an eat-in dining space or a cozy living room. The laundry room is located at the top of the stairs, as well as the home's spacious bedrooms, each featuring an ensuite bathroom with luxurious finishes. The primary suite boasts soaring ceilings, a sizable walk-in closet, and a terrace overlooking the surrounding area. You will love this perfect new construction with cozy living spaces in a community that will make you feel at home!
UNIT C
Luxury living is available at Charlotte Row. This 3-story unit has been elevated with additional exterior space, areas to entertain, and spacious bedrooms. Enter into a sizable entryway that leads to an open flex space with an attached office area. The cozy family room has glass doors leading to a small covered patio. Heading up to the second floor you will find the main living area with an open kitchen, eat-in dining space, and living room. Shaker cabinets installed in the kitchen include soft-close doors. The master suite is located down the hall and features 12" ceilings, a walk-in closet, and access to a wrap-around terrace. En-suite bathroom complete with tiled shower and dual vanity. The third floor includes 2 bedrooms that share a jack-and-jillstyle bathroom. Each bedroom includes a private vanity and windows in the closet. This upgraded unit provides more space and greater views of the surrounding area. You will love calling this luxury townhouse your home!
P R O P E R T Y O V E R V I E W
27 INDIVIDUAL UNITS EXCELLENT LOCATION
3 different models, ranging from 1,451 -2,482 sqft. Options include 2-bedroom floor plans and 2 different 3-bedroom floor plans
Close proximity to schools, entertainment, downtown Nashville, and easy access to the interstate makes this neighborhood perfect for families in every stage of life
Each of these luxurious units features top-of-the-line quality including quartz countertops throughout the home, custom birch wood closets in each en-suite bedroom, spacious 2-car garages, hardwood steps, dual vanities in the master suite, and polished concrete floors on all lower levels.
The premier large 3-bedroom unit has additional living space with an included flex space and office cut-out in the upstairs hallways The stunning build was completed with brick and Hardie Board for a stunning and sturdy exterior.
A M E N I T I E S
Fire pits are popular in and around the city for entertaining in Nashville's cooler months! Adding this feature encourages community and relaxation.
By utilizing wood as a fuel source you eliminate hazards from running gas lines Allow the tenants to utilize and maintain these areas for their own personal use!
Grills are to be added to the grounds as an additional community feature People will enjoy having access to charcoal grills for summer entertaining.
Charcoal is an affordable and safe option for grills that will allow tenants to utilize these features anytime
Nashville is known for being a pet-friendly city, and in recent years, surveys have shown that Music City houses more pups than kids!
It is important for communities to provide petfriendly environments. Including a dog park in the Charlotte Row community is an easy way to keep tenants happy, and your grounds healthy. Keep it low-maintenance by installing doggie-bag dispensers, and encouraging owners to pick up after their pets!
L O W M A I N T E N A N C E A M E N I T I E S
F I N A N C I A L S $7,200 PROPERTY MANAGER LANDSCAPING Monthly Annually $600 $600 $7,200 $3,600 MISC MAINTENANCE WATER $300 $270 $3,240 $4,800 DUMPSTER COMMON AREA TAXES $400 $100 $1,200 $81,000 TAXES PER UNIT BASIS MASTER INS $3,000 $1,333 $16,000 $124,240 TOTAL EXPENSES $6,603 $907,200 GROSS RENTS RENT AFTER VACANCY 5% $75,600 $71,820 $861,840 $737,600 $65,217 NET INCOMEwith expenses and vacancies ANNUAL CAP RATE at $14,500,000.00 5.10%
N A S H V I L L E
Attracting new businesses and companies to the area has been essential to Nashville's booming population. Corporations worldwide have been drawn to join the city to utilize the growing workforce. With 15 higher education institutions in the community, there is constantly a new flow of skilled laborers added to the local workforce.
PLANNING FOR THE FUTURE OF NASHVILLE
Through the regional collaboration of all 10 counties in the Nashville Economic Market, major efforts are being made to promote job growth, education & talent development, and improve our city's livability! The goal continues to make Nashville a more prosperous city that brings new opportunities to companies and individuals alike.
Source Information from The Nashville Area Chamber of Commerce
COMPANIES RELOCATING OR EXPANDING TO NASHVILLE
R E L O C A T I O N
NASHVILLE TOPS THE CHARTS
As Nashville continues to grow it's begun to gain national attention for the culture. The city has caught the eye of travelers, individuals, and global corporations. The city continues to make its way to the top and is now considered a TOP 5 destination to visit, TOP 5 best foodie cities, TOP 5 real estate transactions, and TOP 5 for generous tippers!
THE NUMBERS
# 2 in GDP Growth
#5 in Job Growth
#5 in Population Growth
#8 in Per Capita Income Growth
NASHVILLE IN 2023
TOP 5 ECONOMIC DRIVERS
#1 Health Care - 328,000 jobs
#2 Advanced Manufacturing - 236,000 jobs
#3 Hospitality/Tourism - 159,000 jobs
#4 Music/Entertainment - 81,000 jobs
#5 Technology - 62,000 jobs
1,111,100 Labor Force 2 3% Unemployment 81% Population Growth 2M in Population 98 7% Cost of Living 35.3% Job Growth
Source Information from The Nashville Area
of Commerce
Chamber
N A S H V I L L E
PEOPLE ARE MOVING TO NASHVILLE
Nashville's population has boomed over the last decade, and there seem to be no signs of slowing down. According to census data, the area has seen a population increase of over 9% in recent years. Nashville is now considered one of the fastestgrowing cities in America, with more out-of-state residents, companies, and industries moving in every day.
WHAT DOES THIS MEAN FOR HOUSING?
The need for new, and available housing is always present The Nashville market has remained "HOT" in many ways, with new residents and a growing population creating demand for apartments, condos, and homes all around the community
MEDIAN INCOME POPULATION COUNTY DAVIDSON 708,490 $66,047 CHEATHAM 41,523 $69,132 ROBERTSON 72,309 $67,597 SUMNER 193,036 $73,517 WILSON 144,748 $82,224 RUTHERFORD 335,595 $72,985 WILLIAMSON 242,386 $116,492
Tennessee has become an ideal state for business and talent because of the business-friendly model, low cost of living, and location! No state shares as many borders as Tennessee making it easy for industrial companies to travel and share their message and products quickly and efficiently
.
Nashville has no personal income state tax on wages and salaries and a reasonable corporation tax of 6.5%, so it is easy to see why companies are making the move to Nashville. As the industry in the city grows, Davidson county and the surrounding areas will continue to see a rise in newcomers.
CORPORATIONS HQ IN NASHVILLE
Amazon
Asurion
Bridgestone Americas Inc
Community Health Systems
Cracker Barrel Old Country Store Inc
HCA Healthcare Inc.
ICEE
iHeartMedia
Mitsubishi Motors
Nissan North America
Saint Thomas Health
Tractor Supply
Vanderbilt University
New talent is constantly relocating, and entering the workforce From progressive in-state education to the low cost of living, there is plenty of incentives for talented people to enter the workforce in Nashville
New businesses, opportunities, and education options continue to drive up the local population and have made a steady increase in the demand for property ownership in the state.
Nashville offers businesses and individuals the opportunity to experience the industry and benefits of an urban city while keeping southern hospitality and affordability within reach.
The population is expected to grow 7% by 2030.
MUSIC
Nashville is considered the central hub for music as it contains the highest concentration of music professionals and studios. Home to over 190 recording studios, and over 5,000 working musicians at every moment there is no better place to pursue a creative dream $15 9 Billion dollars in annual revenue from the Music Industry impact the city of Nashville and surrounding communities providing greater than 43,000 jobs to local $9 9 Billion of dollars positively impact the local community
ENTERTAINMENT
Nashville provides its community with endless opportunities in the entertainment industry. With the revolving door of tourism in the city, new opportunities for entertainers and experiencebased companies are everpresent The city features one of the most lively nightlife scenes in the United States that captures the attention of both locals and travelers The entertainment provided by the lower Broadway strip brings in millions of dollars of revenue each month
SPORTS
Home to the Titans football team, and the Predators hockey team, Nashville is loved by sports fanatics. With countless games and events held in both Nissan Stadium and the Bridgestone Arena every week Having huge NFL, NHL, and MLS teams in the city created unique opportunities like hosting the NHL draft and more! Sports are major in Nashville with plans to grow in the near future The new Titan's stadium was approved which would allow Nashville the facility required to host a Superbowl!
estimates that the Titans bring in $481 million in gross revenue
Forbes'
The Preds have announced their team and arena generate an annual impact of $410 million to the local economy.
N A S H V I L L E
NASHVILLE'S MANY NEIGHBORHOODS SET UP THE CITY FOR SUCCESS AS A DIVERSE AND DYNAMIC TOWN. IN DAVIDSON COUNTY ALONE
NEIGHBORHOODS SUCH AS THE GUCLH, SOBRO, DOWNTOWN, 12 SOUTH, 8TH/MELROSE, BELMONT, HILLSBORO VILLAGE, AND MORE EACH CELEBRATE UNIQUE TRAITS, DEMOGRAPHICS, AND CHARACTERISTICS!
COMMUNITYSTATS
With more than 80 people moving to this community daily, the creative and innovative Nashville scene is growing forever. Nashville continues to rank as one of America's Top 10 most vibrant communities.
DIVERSITYSTATS
The city celebrates culture and embraces differences, leading to a diverse community. 1 in 8 Nashville residents is foreign-born. Nashville is extremely LGBTQ+ friendly with a dedicated LQBTQ Board on the Chamber of commerce, 16 LGBTQ-owned businesses, and more!
