“Multi-family real estate” refers to any building in which multiple owners or renters can live in separate, independent spaces. Multi-family real estate includes both residential properties, such as duplexes and condos, and commercial properties, such as high rise apartment buildings.
There are a number of benefits to investing in a multi-family property rather than a single-family home. Multi-family real estate is generally more affordable and easier to maintain which allows investors to scale investments more quickly cutting expense to income ratios.
In the wake of the COVID-19 pandemic, Nashville has become one of the best places in the southeastern United States to build and invest in multi-family real estate.
Multi-Family Properties in the Nashville Area
With a population of 715,000 in the city proper and some 2 million in the wider metro area, Nashville is one of the largest cities in the United States, and continuing to grow at a steady rate. It is estimated that Nashville will have seen a 5% job growth by the end of 2021, and the opening of so many new employment opportunities means that new residents will be flocking to the Nashville area.
Multi-family real estate properties allow for large numbers of people to make their home in Nashville without having to spend an exorbitant amount of money. The Nashville area features many great locations for multi-family property development, with downtown neighborhoods that are perfect for apartment complexes and suburbs that are apt for condos.
Best Areas For Multi-Family Properties In Nashville
Music Row is perhaps the most famous neighborhood in Nashville, with a multitude of historic recording studios and radio stations, as well as a thriving nightlife. Music Row is one of the best spots for multi-family development in Nashville, with apartments in the downtown neighborhood being a hot commodity.
Elliston Place is another neighborhood in downtown Nashville which is a prime spot for multi-family properties. With an abundance of popular shops and eateries, good schools and beautiful parks, Elliston Place is an ideal area in which to develop luxury apartments and condominiums that are sure to be fast-sellers.
Brentwood is widely regarded as the most desirable of Nashville’s suburbs, due to a combination of its convenient location, many parks with walking trails and excellent schools. Brentwood is also known for producing many famous musicians and athletes. If you’re in search of a great suburban location to build upscale condos and duplexes, look no further.
Franklin is one of Nashville’s largest suburbs, and is a popular place to live due to its homey and historic downtown area. Like Brentwood, it is sought after by new residents looking to live a short commute away from downtown Nashville. Franklin’s popularity makes it yet another perfect area for multi-family property development.
Multi-Family Real Estate Opportunities in Nashville
Catalyst Capital Partners is working diligently to develop premium multi-family properties in the greater Nashville area. We’re eager to help the city of Nashville create a bright future for its current and future residents, and we only invest in the best. If you want a reliable partner to help you invest in the greatest real estate that Nashville has to offer, reach out to Catalyst today!