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Donna Rickard
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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 BATHS MLS#1349183
STATUSActive PROPERTY TYPEMulti Unit - Multiple NEIGHBORHOODMeigs County - 41

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# 1349183

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 Meigs County - 41 real estate on www.donnarickard.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Other, Central Cooling, Window Unit(s)
Heating: Central, Other
Lot Size: 3.01 acres
Year Built: 1977

Feature Descriptions

Appliances: Range, Refrigerator
Days on Site: 48
Exterior: Vinyl Siding, Frame
Flooring: Laminate, Carpet, Tile
Lot Dimensions: 3.01 acres
Parcel #: 027F B 008.00, 007.00, 026.02
Units: 10

Local Schools

High School: Meigs County
Middle School: Meigs

Listed By / Shown By

Listed By

Agency Name: East Tennessee Properties, LLC

Shown By

Agent Name: Donna Rickard
Agent Phone: (865) 548-6730
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: East Tennessee REALTORS

Estimate Your Payment

Estimated Payment

$ 1,510.34 per month $1,335.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $175.00 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/09/2026. The listing information on this page last changed on 09/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 09/09/2026 3:33:55 PM EST) or GAMLS (last updated Wed 09/09/2026 3:25:30 PM EST) or CARMLS (last updated Wed 09/09/2026 3:25:46 PM EST) or MAAR MLS (last updated Wed 09/09/2026 3:26:28 PM EST) or FMLS (last updated Wed 09/09/2026 3:19:01 PM EST) or East Tennessee REALTORS (last updated Wed 09/09/2026 3:25:22 PM EST) or RealTracs (last updated Wed 09/09/2026 3:26:33 PM EST) or Arkansas CARMLS (last updated Wed 09/09/2026 3:29:29 PM EST) or GSMAR MLS (last updated Wed 09/09/2026 3:15:50 PM EST) or Baldwin County MLS (last updated Wed 09/09/2026 3:31:18 PM EST) or Tennesse Virginia MLS (last updated Wed 09/09/2026 1:57:33 PM EST) or Emerald Coast MLS (last updated Wed 09/09/2026 3:26:06 PM EST) or Northeast Oklahoma Real Estate (last updated Wed 09/09/2026 3:24:45 PM EST) or Southern Kentucky MLS (last updated Wed 09/09/2026 1:56:15 PM EST) or SOMO MLS (last updated Wed 09/09/2026 3:03:48 PM EST) or North Georgia MLS (last updated Wed 09/09/2026 2:47:38 PM EST) or Golden Triangle MLS (last updated Wed 09/09/2026 3:26:54 PM EST) or MLS United (last updated Wed 09/09/2026 3:26:26 PM EST) or Lakeway MLS (last updated Wed 09/09/2026 3:32:38 PM EST) or Batesville MLS (last updated Wed 09/09/2026 3:00:27 PM EST) or North Central Mississippi MLS (last updated Wed 09/09/2026 11:32:36 AM EST) or Hot Springs MLS (last updated Wed 09/09/2026 12:27:50 PM EST) or Huntsville/Valley MLS (last updated Wed 09/09/2026 2:58:18 PM EST) or Shoals MLS (last updated Wed 09/09/2026 12:30:11 PM EST) or Tupelo MLS (last updated Wed 09/09/2026 2:39:36 PM EST) or NEAKBOR MLS (last updated Wed 09/09/2026 2:11:11 PM EST) or EAKBOR MLS (last updated Wed 09/09/2026 3:23:07 PM EST) or CWTAR MLS (last updated Wed 09/09/2026 3:13:50 PM EST) or NWAKBOR MLS (last updated Wed 09/09/2026 3:29:33 PM EST) or Upper Cumberland MLS (last updated Wed 09/09/2026 2:59:50 PM EST) or Hattiesburg MLS (last updated Wed 09/09/2026 2:59:36 PM EST) or Puerto Rico MLS (last updated Wed 09/09/2026 3:25:11 PM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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