Northmarq’s Nashville Investment Sales team completes $4.86M sale of Elmington Park Flats apartments
NASHVILLE, Tenn. — Northmarq’s Nashville Investment Sales team, led by Quentin Nichols and Adam Klenk, successfully completed the $4.86 million sale of Elmington Park Flats, a 24-unit garden-style apartment community located at 2526 Sharondale Dr. in Nashville, Tennessee.
Northmarq represented the seller in this transaction.
"This transaction underscores the continued migration of West Coast capital into Nashville, particularly from 1031 buyers seeking both yield and upside. Elmington Park Flats checked all the boxes—a highly accessible location, a strong in-place renovation program, and additional opportunity to elevate the asset through interior and exterior enhancements. Despite ongoing capital market volatility, we’re seeing strong demand for well-located 20–50-unit deals where investors can still achieve meaningful NOI growth post-acquisition,” said Nichols.
Built in 1973 and sitting on 0.84 acres, Elmington Park Flats offers stylish, renovated living just minutes from the heart of Nashville. It offers 2-bedroom floor plans and is currently 91.6% occupied. Units include stainless steel appliances, granite countertops, an in-unit washer and dryer, modern lighting and plumbing fixtures, and luxury vinyl wood flooring.
Community amenities include a dedicated pet play area, secure bike storage, additional free storage space, ample parking, and well-maintained grounds.
Elmington Park Flats is conveniently located near access to Interstate 440 and U.S. Hwy 431. It is roughly five miles from downtown Nashville.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
