|Number of units||50|
647 Residences is a soon-to-be-completed, purpose-built rental community strategically located in Charlotte Park, one of Nashville’s most desirable urban submarkets and residential areas. 647 offers renters a unique single-family living experience in a dedicated rental community.
647 is being developed by Elmington Residential and pre-leased the first 18 homes prior to the first units being delivered. The property is 36% pre-leased (18/50). 647 offers investors the unique opportunity to capitalize from the strong renter demand for professionally managed, class A homes in a market that continues to be undersupplied in both single-family rental homes and for-sale single-family homes.
- Rapid lease-up during construction (32% pre-leased)
- 50 3BR homes averaging 1,848SF
- Homes include private porch/balcony, walk-in closets, garages (in select homes), stainless steel appliances, quartz countertops, and premium tile backsplash.
- 3-mile Average HH Incomes of $97k+
- Increasing rental rates and acheived through lease up period