Traveling to Nashville - What are some hot areas?

Question

Hello Nashvillians,

I am going to be in Nashville for a few days and would like to drive around some of the more established neighborhoods, what people could consider A neighborhoods as well as neighborhoods that maybe were considered rough but are now gentrifying or people feel they will be the next "hot spot". These you may consider C transitioning to B, or B- changing to B or A.

Also can people name drop a few multifamily operators that cater to millennials / young professionals and are doing some MAJOR rehab on apartment buildings. Any companies out there spending $10k plus per door? Would prefer companies that are buying larger apartments 60+ units, although smaller operators would be helpful also.

Any help with any of these would be greatly appreciated. Happy memorial day weekend everyone.

Leo K. · Answer

@Juan MaldonadoA = Green Hills, Germantown, Midtown, Belle Meade, Brentwood, Franklin, Sylvan Park, 12 South, Gulch, West EndB = Bellevue, East Nashville (B+/A-), Hendersonville, Hermitage, Donelson, Woodbine, Murfreesboro (submarket), Spring Hill (submarket)C = Antioch, Madison, Old Hickory, Inglewood, Lavergne, Lebanon (submarket), Ashland City (submarket), Dickson (submarket), Smyrna (submarket), Columbia (submarket)I know a few multi family investors in town and would be happy to introduce you. One guy focuses on small to mid size MF (10-50 units) and loves the major rehab projects.Drop me a PM, I'll try to help whatever way I can.

Anne Wallace · Answer

Hi Juan Maldonado My family has lived in Nashville for over 100 years. There has been a noticeable change over the past 5 years. I work for a large international company and we have hired 1400 people in Nashville over the past 3 years and we expect to hire more. Many of these people are choosing Lebanon and Mt. Juliet ( Wilson county). Personally I like Sylvan Park and Sylvan Heights. They are near enough to Vanderbilt and Belmont University. If you drive around just know that the railroad track / trestle marks the boundary between Sylvan Park and Sylvan Heights. I would really appreciate your feed back on what class neighborhoods these are . I am " too close " to feel like I could grade it accurately myself. A" game changer" in these neighborhoods is the move of Madison Mill from Sylvan Park / Heights to Ashland City ( Cheatham Co ) . Many mill workers lived in these neighborhoods. Now the population is shifting more to professionals ( in my opinion). The H. G . HILL co. Is a very good developer here in Nashville with roots that go way back. They are building a mixed/ use apartment retail property on the site of the former Madison Mill. Also the " Nations " would be a good neighborhood to check out. Good luck. I hope you like our wonderful city. Anne

Account Closed · Answer

I haven't lived in Nashville for a long time. I was there for 5 years. Desirable towns outside of Nashville at the time were Franklin and Brentwood. Not a long commute to Nashville. I lived in Brentwood and was active in a community theater in Franklin. Both were beautiful communities.Something to consider as far as what will always be a desirable location, is anywhere near Vanderbilt University. Beautiful campus with medical school. I worked there. There will never be a shortage of students or staff who would like to live near the university.For what it's worth. I left there in 1990, so my info is dated.

Aaron Anderson · Answer

Bellevue is an affordable B, Inglewood is B with A prices. Woodmont is A and great long term. I feel like Midtown, Germantown, and 12 South have almost appreciated too much already, but they could be nice depending on your budget.

Juan Maldonado · Answer

@Wilson Adams, very helpful thank you.

Wilson Adams · Answer

It also might be worth mentioning Bellevue as well. Franklin tends to be the "family suburb" from what I can tell, and there's still a ton of development going on there right now.

Wilson Adams · Answer

Some of the places I'm noticing right now are in and around all of the colleges (that's where I spend most of my time). The music row and edgehill areas between Belmont and Vanderbilt are really popular for the college/grad school/ med school crowds, Likewise, in and around West End and Hillsboro Villiage is quickly changing. Midtown and the Gulch are really popular for the young professional crowd as well. East Nashville is a very hot place to be right now, and many spots still have a good way to go. I hope that's helpful.