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5551, 5611 River Road, Decatur, TN 37322

$600,000
  • 5551, 5611 River Road, Decatur, TN 37322 Main Photo

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Active
BEDS0 BATHS12 full SQUARE FEET5,905 MLS#20263671
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.

5551, 5611 River Road | MLS# 20263671

This multi-family property located at 5551, 5611 River Road, Decatur, TN 37322 is currently listed for sale with an asking price of $600,000. Search Decatur real estate on jackwebb.crye-leike.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space, None
Cooling: Central Air, Window Unit(s)
Heating: Central
Home Style: Cabin, Manufactured/Mobile
Roof Type: Metal, Shingle
Taxes: $1,844
Year Built: 1977

Feature Descriptions

Appliances: Electric Range, Refrigerator
Community Features: Fishing
Days on Site: 7
Exterior: Vinyl Siding
Flooring: Carpet, Tile, Vinyl
Interior: Eat-in Kitchen
Laundry: Main Level
Lot: Level, Cleared
Parcel Number: 027f B 026.02, 008.00, 007.00
Parking: Driveway, Gravel
Sewer: Septic Tank
Units: 10
Utilities: Water Connected, Electricity Connected
Water: Public

Local Schools

High School: Meigs County
Middle School: Meigs County
Elementary School: Meigs North

Listed By / Shown By

Listed By

Agency Name: East Tennessee Properties - Ten Mile

Shown By

Agent Name: Jack Webb
Agent Phone: (423) 421-1645
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: RCAR MLS

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Estimated Payment

$ 1,664.01 per month $1,335.34 Principal & Interest $153.67 Property Tax $175.00 Homeowner's Insurance

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