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$600,000

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5551& 5611 River Road Decatur, TN 37322

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Ken Herod

kenherod@gmail.com +1(865) 585-7780

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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 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

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EXIT Tennessee Realty Pros

+1(865) 429-2800

License ID: 261589 Tennessee