1037C Scovel St

Description

Rare opportunity to acquire a high-performing turnkey NOO STR investment in the heart of Nashville. This commercially zoned, 4-bedroom, 4-bath property is zoned DTC with an active STR permit and is being sold fully furnished, ready to operate from day one. Newly renovated and under new professional management as of 2026, the property is positioned for strong performance, with projected annual gross revenue of $107,000 - $131,000 based on past performance and comparable nearby short-term rentals. Future bookings can convey with the sale. Full comp analysis available upon request. Ideally positioned less than two miles from Broadway and The Gulch and minutes from Germantown. Designed for group travel, the three-level layout sleeps 12 and features 4 en-suite bedrooms, designer finishes, garage parking, and a rooftop deck with a fire pit and Capitol and downtown skyline views. Known on Airbnb as “The Velvet Spur – Skyline Views, Rooftop Fire Pit”, the property holds a 4.94-star average rating and Airbnb's Guest Favorite designation. Furnishings and décor convey, and professional management is in place and available to continue. At the current asking price, a cost segregation study could support an estimated $238,000 - $285,000 in first-year bonus depreciation. The property may also suit investors pursuing a 1031 exchange. Disclaimer: Illustrative estimate only and not tax advice. Actual results depend on the purchase allocation, the buyer's tax situation, and passive activity rules. Buyers should consult their CPA or tax advisor. Ask your agent for the Airbnb listing, detailed performance history, and the complete STR investment package, including revenue projections and bonus depreciation estimates. Search Terms: NOOSTR, N.O.O. STR, non-owner occupied, STRP, vacation rental, VRBO, investment property, income property.