REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 600,000
Est. payment /mo
Active
5551& 5611 River Road Decatur, TN 37322
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1349183
Year Built 1977
Lot Dimensions 3.01 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 10 rental units, including 8 cabins, 1 single-wide manufactured home, 1 double-wide manufactured home, and an additional lot located across the street, offering room for future expansion or development (buyer to verify intended use). The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, and a 3-bedroom, 2-bath double-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $6,000 in gross monthly rental income, totaling approximately $72,000 annually, with the cabins renting for $550 per month each and both manufactured homes 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, double wide is zoned residential, and the extra lot is zoned residential. 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 Central, Other
Cooling Other, Central Cooling, Window Unit(s)
Flooring Laminate, Carpet, Tile
Appliance Range, Refrigerator
Heat Source Central, 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, 007.00, 026.02
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by East Tennessee Properties, LLC