Use This Property as Primary Residence OR Short Term Rental

Endless Opportunities : Use this Property as a Primary Residence or Short Term Rental
There are a very few opportunities in Nashville where I could purchase a property to comfortably live in as my primary residence, but also have the flexibility to rent it out as a non-owner occupied short term rental if I decide to.
And I’m sitting in one of those properties right now, because we’ll be listing it soon.
1535 Riverside Dr Nashville, TN 37206
2 Beds 2.5 Baths 1535 SqFt
Rooftop Deck
2 car garage
$685,000
-Largest floor plan in the intimate 14 unit development
-Full rooftop with stunning city views
-Main level features a modern kitchen with a pantry and white GE Cafe appliances
-Bonus room on the first floor adds versatility, serving as a home office or additional sleeping area
-Both bedrooms include ensuite bathrooms
-Two-car garage
-Walkable to Babo Korean and South Inglewood Park, minutes to Shelby Park and Shops at Porter East
In order for a property to have that flexibility in use, it would have to have 2 things for me:
#1 It would have to be a property that is zoned to allow Non Owner Occupied Short Term Rental permits
#2 I would have to want to live in as my primary residence so it couldn’t be party central all the time.
What are some scenarios in which I would purchase a property with flexible use?
If I worked in Nashville several times a month but lived in another city, but I was tired of paying for hotels. I’d rather buy a property that I could rent out anytime I wasn’t here. I want to put my money into an appreciating asset instead of the Holiday Inn’s bank account.
If I were relocating to Nashville for a job transfer, but I don’t know if I’ll end up living here long term. I’d like to have as many options as possible for renting it if and when I did move and wanted to convert it from my primary residence into an investment property.
If I were a current Nashville resident, but a traveled a lot for work or were gone for long periods of time. I would want to rent out my property when I was away. If I were a teacher and wanted to travel in the summer, this would be the perfect property for me to own. If I were a touring musician and spent my summers on the festival circuit, this property could be generating income while I was gone.
If I had family in Nashville that I visited frequently, and I wanted to have a second home here. But I didn’t want to have that house be a huge debt liability, I would want it to generate some income to pay for itself.
Buying or Selling in Nashville? Reach out!
Wendy Monday
Real Estate Broker
615.642.1313
[e-mail]
@wendymondaysellingnashville on social
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Buying + Selling in Nashville?
WENDY MONDAY
BROKER
PARKS REAL ESTATE
@wendymondaysellingnashville on social
💻 www.wendymonday.com
📧 [e-mail]
📞615.642.1313
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ABOUT WENDY
Wendy is a Nashville real estate veteran consistently ranked as a top producer in the market.
She has a true passion for the business and over 14 years of experience selling Nashville. She’s seen the city’s growth over the years, and has personally owned all types of property in the greater Nashville area.
Wendy bought her first home and then her investment property as a single woman, and now she and her husband own several commercial and residential investment properties in and around Nashville.
Wendy and her team of agents are dedicated to making the process smooth for every client. Each woman on the team brings a unique skill set and valuable perspective, and they are dedicated to making the process smooth for every client.
Wendy and family live in the Germantown neighborhood of Nashville in an 1880’s home they restored themselves.
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PARKS REAL ESTATE
1610 West End Avenue 115 Nashville, TN 37203
615-552-5100
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