$900,000

4921 State Highway 48 Nunnelly, TN 37137

Estimated payment $4,851/month

5 Beds
-- Bath
3,672 Sq Ft
$245 Price per Sq Ft

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Property has 1 Level
  • Tile Flooring

About This Home

SVN | Accel Commercial Real Estate proudly presents The Meadows, a 6-unit multifamily property located along Hwy 48 N in Nunnelly, Tennessee. The front building features four identical one-bedroom, one-bath units and one slightly modified layout (Unit 5), while the detached rear home (Unit 6) offers a two-bedroom, one-bath configuration. All units are rented weekly under annual leases, offering both consistent cash flow and long-term stability. This deal is currently operating at a 7% cap rate. The property attracts reliable tenants seeking affordable housing in a peaceful, rural environment within close proximity to Dickson and Centerville. With proven performance, strong occupancy, and upside through modest upgrades, The Meadows provides investors a turnkey, cash-flowing asset with potential for rent growth. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745 Highlights: 6 total units (mix of 1BR/1BA and 2BR/1BA) Fully occupied; weekly rent payments under annual leases Detached 2BR home for rental diversity Peaceful rural setting with Hwy 48 frontage Reliable tenant base and stable returns

Listing Agent

Brian Truman

SVN Accel Commercial Real Estate Brokerage Phone: 6152602121 License #338568 Listed on: 11/06/2025

SVN Accel Commercial Real Estate

Co-Listing Agent

Kunal Patel

SVN Accel Commercial Real Estate Brokerage Phone: 6152602121 License #364618

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1989

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5 Bedrooms
  • 3,672 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring

Schools

  • Centerville Elementary School
  • Hickman Co Middle School
  • Hickman Co Sr High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • The owner pays for electricity, trash collection, water
  • Rent includes electricity, trash collection, water
  • Assessor Parcel Number 041035 03704 00006035

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $21,612
  • Gross Income $84,240
  • Net Operating Income $62,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1989
  • Inclusions: Negotiable
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Total Bedrooms: 5
  • Above Grade Finished Sq Ft: 3672
  • Building Area Units: Square Feet
  • Living Area: 3672
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Garage Yn: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: N/A
  • Lot Size Units: Acres
  • Parcel #: 041035 03704 00006035
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Electricity, Trash Collection, Water
  • HOA Rent Includes: Electricity, Trash Collection, Water
  • Tenant Pays: Gas

Multi Family

  • Gross Income: 84240
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 62628
  • Number Of Units Total: 6
  • Annual Operating Expense: 21612
  • Total Actual Rent: 4320

Tax Info

  • Tax Annual Amount: 1404

MLS Schools

  • Elementary School: Centerville Elementary
  • High School: Hickman Co Sr High School
  • Middle Or Junior School: Hickman Co Middle School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2025 11/06/25 For Sale $900,000 -- $245 / Sq Ft
Source: Realtracs

Source: Realtracs

MLS Number: 3041742

Realtracs