5,905 SqFt
5,905 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,905 sqft
Price per Sqft $101
MLS Listing ID 20263671
Style Cabin,Manufactured/Mobile
Full Baths 12
Construction Status Functional
HOA Y/N No
Abv Grd Liv Area 5,905
Year Built 1977
Annual Tax Amount $1,844
Property Sub-Type Mixed Use
Source River Counties Association of REALTORS®
Property Description
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
Direction From decatur take river road north to property on the left.
Rooms
Basement Crawl Space, None
Interior
Interior Features Eat-in Kitchen
Heating Central
Cooling Central Air, Window Unit(s)
Flooring Carpet, Tile, Vinyl
Appliance Electric Range, Refrigerator
Laundry Main Level
Exterior
Parking Features Driveway, Gravel
Community Features Fishing
Utilities Available Water Connected, Electricity Connected
Roof Type Metal,Shingle
Porch None, Front Porch
Building
Lot Description Level, Cleared
Entry Level One
Foundation Permanent, Slab
Sewer Septic Tank
Water Public
Architectural Style Cabin, Manufactured/Mobile
New Construction No
Construction Status Functional
Schools
Elementary Schools Meigs North
Middle Schools Meigs County
High Schools Meigs County
Others
Tax ID 027f B 026.02, 008.00, 007.00
Miscellaneous 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.
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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