5551 River Road
Decatur, TN 37322 · Meigs County
$495,000
$105,000 price cut · Sep 19
- Built
- 1977
Listing courtesy of East Tennessee Properties, LLC · MLS #1349183
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.
Details
Home
- Type
- Residential Income
- Year built
- 1977
Interior
- Rooms
- Bedroom Main Level, Mstr Bdrm Main Level
- Flooring
- Carpet, Laminate, Tile
- Appliances
- Refrigerator, Range
Exterior
- Construction
- Frame, Vinyl Siding
Listing
- MLS #
- 1349183
- Status
- Active
- On market
- 97 days
- Listed
- Jul 23, 2026
Finances
- Property tax
- County only
- Outside city limits
- HOA
- None
- No association dues
Price history
- Sep 19, 2026
- Price cut
- $495,000 −$105,000
- Before
- Listed
- $600,000
Accepted
- Cash
- Conventional
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Location
- County
- Meigs
- ZIP
- 37322
Drive times
- Athens 45 min
- Watts Bar Lake 45 min
- Cleveland 60 min
- Crossville 60 min
- Lenoir City 60 min
- Tellico Lake 60 min
- Turkey Creek 60 min
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Listing courtesy of East Tennessee Properties, LLC. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1349183.