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.
9 days
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35
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4
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cali Walden423-506-9559,
East Tennessee Properties - Ten Mile423-334-0070
Source: RCAR,MLS#: 20263671
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Full bathrooms: 12
Heating
Central
Cooling
Central Air, Window Unit(s)
Appliances
Included: Electric Range, Refrigerator
Laundry: Main Level
Features
Eat-in Kitchen
Flooring: Carpet, Tile, Vinyl
Basement: Crawl Space,None
Interior area
Total structure area: 5,905
Total interior livable area: 5,905 sqft
Finished area above ground: 5,905
Finished area below ground: 0
Property
Parking
Parking features: Driveway, Gravel
Has uncovered spaces: Yes
Features
Levels: One
Stories: 1
Patio & porch: None, Front Porch
Lot
Features: Level, Cleared
Details
Parcel number: 027f B 026.02, 008.00, 007.00
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Cabin,Manufactured/Mobile
Property subtype: Mixed Use, Multi Family
Materials
Vinyl Siding
Foundation: Permanent, Slab
Roof: Metal,Shingle
Condition
Functional
New construction: No
Year built: 1977
Utilities & green energy
Sewer: Septic Tank
Water: Public
Utilities for property: Water Connected, Electricity Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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