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Listed by Cali Walden • East Tennessee Properties LLC
$ 495,000
Est. payment | /mo
4,816 SqFt
$ 495,000
Est. payment | /mo
4,816 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,816 sqft
Price per Sqft $102
Subdivision No
MLS Listing ID 3281095
HOA Y/N No
Year Built 1977
Annual Tax Amount $1,575
Lot Dimensions 2.4 acres
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 9 rental units, including 8 cabins, & 1 single-wide manufactured home.
The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home 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.
Buyer to verify all pertinent information.
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 9 rental units, including 8 cabins, & 1 single-wide manufactured home.
The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home 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.
Buyer to verify all pertinent information.
Location
State TN
County Meigs County
Zoning commercial
Interior
Heating Other
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Metal
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
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