SVN | Accel Commercial Real Estate has listed Atrium Flats, a newly renovated 123-unit multifamily community ideally positioned in the Merry Oaks neighborhood of Nashville, Tennessee. Atrium Flats delivers newly renovated efficient housing in one of the city’s fastest-growing submarkets. The property strategically located 15 minutes from Downtown Nashville, and with easy access to the interstate, airport corridor, and Donelson. The project is located at 2425 Atrium Way.
“Opportunities like Atrium Flats are extremely rare in today’s Nashville market. Acquiring a 123-unit, fully renovated asset at $125,000 per unit—well below replacement cost—creates a compelling basis in a high-growth city. With recent MDHA voucher approval, the property is positioned to deliver stable in-place cash flow with immediate upside.”
Kunal Patel, Advisor at SVN I ACCEL
Purposefully designed for Nashville’s evolving renter demographic, Atrium Flats offers a mix of studio, one-bedroom, and two-bedroom units averaging 354 square feet, combining contemporary finishes with functional layouts that cater to working professionals, students, and service-sector tenants seeking high-quality living at attainable price points.
Newly Renovated (2024): Atrium Flats offers investors a true turnkey opportunity with minimal near-term capital needs. Strong Rent Positioning: Current asking rents average $1,063 ($3.05/SF) — well below submarket averages of $1,438 ($3.21/SF) offering significant upside as lease-up stabilizes. High-Demand Micro-Unit Concept: Studio and one-bedroom units comprise over 95% of the property mix, aligning with Nashville’s surging demand for attainable, efficient housing.
For all inquiries on this property, contact Kunal Patel or Brian Truman using the link (here).
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