Welcome to Abberly Foundry at 640 21st Avenue, Nashville, TN 37203. Located in the dynamic Midtown neighborhood, these luxury apartments offer the perfect blend of modern convenience and vibrant lifestyle, just steps from Vanderbilt University, Centennial Park, and Music Row. This property has available multiple types of units ranging from studio to 2 bed 2 bath floor plans to suit any need.

Community Amenities

• Resort-Style Pool & Sundeck
• Rooftop Sky Lounge with City Views
• 24/7 Fitness Center & Yoga Studio
• Coworking Space with Private Booths
• Pet Friendly (No Breed Restrictions) & Pet Spa
• Free Gated Garage Parking

Acquisition Fee Structure: The acquisition fee per property is determined by the total number of units leased and whether they are furnished or unfurnished. A single fully furnished Airbnb-approved unit has a fee of $3,500 while an unfurnished unit is $2,500. Significant discounts are available for bulk portfolios with the fee dropping to $2,750 per furnished unit for 2 to 4 properties and $2,000 per unit for 5 to 19 properties. For large-scale investors securing 50 or more units the fee is reduced to just $700 per furnished property.

APARTMENTS ARE TYPICALLY ZONED FOR PERMITS

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Nashville, TN has specific regulations for non-owner occupied short-term rentals (STRs). New non-owner occupied STR permits are only allowed in certain non-residentially zoned areas24. These properties are defined as residential dwelling units with no more than four sleeping rooms, used and/or advertised for transient occupancy by guests, where the owner does not live on the property12.To operate a non-owner occupied STR in Nashville:

1. Obtain a permit from the Metro Codes Department before listing the property4.
2. Ensure the property is in an eligible zoning district as listed in the District Land Use Table24.
3. Provide personal contact information for the owner and a responsible party residing within 25 miles of the property13.
4. Submit proof of insurance, proof of written notification to adjacent properties, and a statement that the STR does not violate homeowners association agreements1.
5. Pay applicable taxes, including business, sales, and hotel occupancy taxes24.
6. Renew the permit annually before the expiration date2.

The current permit fee for non-owner occupied STRs is $313.003. Operators must comply with specific rules to maintain their permit, and violations can result in permit revocation4.It's important to note that these regulations are subject to change, and prospective STR operators should consult the Nashville.gov website or contact strpquestions@nashville.gov for the most up-to-date information24.

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New not owner-occupied permits will only be issued as a use permitted with conditions (PC) in MUN and MUN-A, MUL and MUL-A, MUG and MUG-A, MUI and MUI-A, OG, OR20 through OR40-A, ORI and ORI-A, CN and CN-A, CL and CL-A, CS and CS-A, CA, CF, DTC North, DTC South, DTC-West, DTC Central, SCN, SCC and SCR zoning districts. You may use this website to plug in an address : Parcel Viewer (nashville.gov) . From there you’ll need to review the zoning history (there may be more than one current code). Please be aware of the attached distance bill. Please note that overlays (OV) are not zoning districts and refer to only the most recent zoning district as that is what is in effect. When you've found a property zoned appropriately please let us know the address so we may verify it meets the PC requirement.

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