ADDRESS
219 OLD MILL RD.
WINCHESTER, TN 37398
Rare opportunity to acquire 8 active short-term rental units in one modern building, all on the same hallway for streamlined operation. Each 1 bed / 1 bath unit features a dedicated bedroom with en suite bathroom, an additional sleeper sofa in the living room, and its own deeded parking space. All units are fully furnished with high-end décor, linens, kitchenware, and supplies—truly turnkey. In 2024, these units generated $362K+ in revenue with ~63% average occupancy and 85%+ in peak months. Average nightly rate was $219. Estimated NOI: $287K (21% expense ratio including property taxes and operations). 1,856 filled nights in 2024 with ~21% YoY revenue growth. Continued management available or easily self-managed. Ideal for investors seeking scale, cash flow, and operational efficiency in one of the country’s strongest short-term rental markets.
2 weeks ago | Price changed to $3,475,000 | |
2 weeks ago | Listing updated with changes from the MLS® | |
3 weeks ago | Status changed to Active | |
3 weeks ago | Listing first seen on site |
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.