4921 State Highway 48 Nunnelly, TN 37137
Estimated payment $4,851/month
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
SVN Accel Commercial Real Estate Brokerage Phone: 6152602121 License #338568 Listed on: 11/06/2025
Co-Listing Agent
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 3041742
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