UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,905 sqft
Price per Sqft $101
MLS Listing ID 3281095
HOA Y/N No
Year Built 1977
Annual Tax Amount $1,845
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 County
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Meigs North Elementary
Middle Schools Meigs Middle School
High Schools Meigs County High School
Others
Senior Community false
Special Listing Condition Standard
Nearby Locations
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George Scott
Agent | License ID: TN License #: 377474
Agent License ID: TN License #: 377474
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