Discover Sweden Drive Duplex – A Stabilized, Extensively Updated Investment in Hermitage
Sweden Drive Duplex presents the opportunity to acquire a fully leased, recently updated townhome-style duplex in the growing Hermitage submarket of Nashville. Located at 4297/4299 Sweden Drive, this well-maintained asset offers investors stable occupancy, efficient operations, and significant recent capital improvements that help minimize near-term maintenance costs.
Built in 1971, the property consists of two spacious 3-bedroom, 1.5-bath units totaling approximately 3,048 square feet, with each unit offering approximately 1,524 square feet of living space. The units feature connected kitchen and dining areas, large family rooms, ample closet space, washer/dryer hookups, and private patio and backyard space, creating highly functional layouts that appeal to long-term tenants.
The property is currently 100% occupied at $1,875 per unit. Utilities are individually metered for water and electric, with tenants responsible for both utilities and lawn care, supporting streamlined and efficient operations for ownership.
Ownership has completed extensive recent improvements, including interior renovations to Unit 4299 in 2024 and Unit 4297 in 2025. Major system upgrades include a new roof installed in 2025, HVAC systems replaced in 2021, and water heaters replaced in 2022, significantly reducing future capital expenditure concerns for incoming ownership.
Strategically located near Old Hickory Boulevard and Lebanon Pike, the property offers strong access to major employment, retail, and commuter corridors throughout the Nashville MSA while maintaining the neighborhood feel and rental demand that continue to drive the Hermitage market.
Investment Highlights:
- Townhome-Style Duplex: Two 3 bed / 1.5 bath units totaling ~3,048 SF with spacious, functional layouts
- Stabilized Occupancy: 100% leased at $1,875 per unit
- Recent Interior Renovations: Unit 4299 updated in 2024 and Unit 4297 updated in 2025
- Major Capital Improvements Completed: Roof replaced in 2025, HVAC systems replaced in 2021, and water heaters replaced in 2022
- Efficient Operations: Tenants responsible for utilities and lawn care with individually metered water and electric
- Tenant-Friendly Features: Connected kitchen/dining areas, large family rooms, washer/dryer hookups, and private patio/backyard space
- Strong Hermitage Location: Convenient access to Old Hickory Blvd., Lebanon Pike, and downtown Nashville
- Durable Long-Term Investment: Significant recent CapEx and stable tenancy support lower-maintenance ownership

