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Listed by Brian Truman • SVN Accel Commercial Real Estate
$ 900,000
Est. payment | /mo
3,672 SqFt
$ 900,000
Est. payment | /mo
3,672 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $245
MLS Listing ID 3041742
HOA Y/N No
Year Built 1989
Annual Tax Amount $1,404
Property Description
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
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
Location
State TN
County Hickman County
Interior
Heating Central
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Centerville Elementary
Middle Schools Hickman Co Middle School
High Schools Hickman Co Sr High School
Others
Senior Community false
Special Listing Condition Standard
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