5551 River Road, Decatur, TN 37322
- $495,000
- 4,816
- SqFt
- List Price
- $495,000
- Price Change
- ▼ $105,000 1789798673
- MLS#
- 3281095
- Days on Market
- 59
- Property Type
- Multifamily
- Sqft. of Residence
- 4,816
- County
- Meigs County
- Status
- ACTIVE
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.
Additional Information
- Construction Type
- Vinyl Siding
- Cooling System
- Wall/Window Unit(s)
- Elementary School
- Meigs North Elementary
- Floor Types
- Carpet, Tile, Vinyl
- Heating System
- Other
- High School
- Meigs County High School
- Junior High School
- Meigs Middle School
- Living Area
- 4,816
- Lot Dimensions
- 2.4 acres
- Number Of Stories
- 1
- Roofing Material
- Metal
- Sewer System
- Septic Tank
- Subdivision
- No
- Tax Amount
- $1,575
- Water Source
- Public
- Year Built
- 1977
- Zoning
- commercial
- Type
- Multifamily
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Listing courtesy of East Tennessee Properties LLC.
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