11
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$495,000
Est. payment /mo
Price Dropped by $105K
5551 River Road Decatur, TN 37322
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1349183
Year Built 1977
Lot Dimensions 2.4 acres
Source East Tennessee REALTORS® MLS
Property Description
Income-Producing Investment Opportunity!
Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial.
Buyer to verify all pertinent information.
Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial.
Buyer to verify all pertinent information.
Location
State TN
County Meigs County - 41
Rooms
Other Rooms Bedroom Main Level, Mstr Bedroom Main Level
Interior
Heating Other
Cooling Other, Window Unit(s)
Flooring Laminate, Carpet, Tile
Appliance Range, Refrigerator
Heat Source Other
Exterior
Parking Features None
Roof Type Metal
Garage No
Building
Faces From decatur take river road north to property on the left.
Structure Type Vinyl Siding,Frame
Schools
Middle Schools Meigs
High Schools Meigs County
Others
Tax ID 027F B 008.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by East Tennessee Properties, LLC
NEARBY SCHOOL & BUSINESS
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