Ryan McClanahan
REALTOR®, ABR®, PSA, LRS
BEDS0
BATHS
SQUARE FEET5,905
MLS#3281095
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Roof Type: Shingle
Stories: 1.0
Taxes: $1,845
Year Built: 1977
Feature Descriptions
Days on Site: 7
Exterior: Vinyl Siding
Flooring: Carpet, Tile, Vinyl
Parking: Driveway, Gravel
Parking Notes: Driveway, Gravel
Sewer: Septic Tank
Units: 10
Utilities: Water Available
Water: Public
Local Schools
High School: Meigs County High School
Middle School: Meigs Middle School
Elementary School: Meigs North Elementary
Listed By / Shown By
Listed By
Agency Name: East Tennessee Properties LLC
Agency Phone: 4233340070
Shown By
Agent Name: Ryan McClanahan
Agent Phone: (678) 523-9383
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 153.75 per month $0.00 Principal & Interest $153.75 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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55515611 River Road | MLS# 3281095
This multi-family property located at 55515611 River Road, Decatur, TN 37322 is currently listed for sale with an asking price of call for price. Search Decatur real estate on ryan.crye-leike.com today.