5551, 5611 River Road, Decatur, TN 37322

Decatur
Local realty services provided by:Better Homes and Gardens Real Estate Signature Brokers
5551, 5611 River Road,Decatur, TN 37322
$600,000
  • - Beds
  • 12 Baths
  • 5,905 sq. ft.
  • Multi-family
  • Active
Listed by: cali walden
Office: east tennessee properties - ten mile
MLS#:20263671
Source:TN_RCAR

Price summary

  • Price:$600,000
  • Price per sq. ft.:$101.61

About this home

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...

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Home facts

  • Year built:1977
  • Listing ID #:20263671
  • Added:116 day(s) ago
  • Updated:August 08, 2026 at 02:15 PM

Rooms and interior

  • Total bathrooms:12
  • Full bathrooms:12
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Eat-in Kitchen, Electric Range, Refrigerator
  • Basement Description:Crawl Space
  • Living area:5,905 sq. ft.

Heating and cooling

  • Cooling:Central Air, Window Unit(s)
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Metal, Shingle
  • Year built:1977
  • Building area:5,905 sq. ft.
  • Lot Features:Cleared, Level
  • Architectural Style:Cabin, Manufactured/Mobile
  • Construction Materials:Vinyl Siding
  • Exterior Features:Front Porch
  • Foundation Description:Permanent, Slab
  • Levels:1 Story

Schools

  • High school:Meigs County
  • Middle school:Meigs County
  • Elementary school:Meigs North

Utilities

  • Water:Public, Water Connected
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$600,000
  • Price per sq. ft.:$101.61
  • Tax amount:$1,844

Features and amenities

  • Appliances:Electric Range, Refrigerator
  • Amenities:Eat-in Kitchen

Parking

  • Parking description:Driveway, Gravel

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