This is a great investment opportunity in a great rural area! There are 2 rental buildings on this property. One is an 8 individual room apartment that has a shared living and dining space with 2 shared bathrooms that has a newer HVAC and has been a great stream of income to local fishermen and Watts Bar outage workers. There is also a 2 bedroom 1 bathroom single family home that has had a history of longterm renters. The sale of this property also includes the adjoining lot with building on it. This is an opportunity that you do not want to miss!! Schedule your showing today!
Multi-familyProperty Type
1976Year Built
$128Est. Price/Sq.Ft.
Listed by Cate Goins• Greater Chattanooga Realty, Keller Williams Realty
This is a great investment opportunity in a great rural area! There are 2 rental buildings on this property. One is an 8 individual room apartment that has a shared living and dining space with 2 shared bathrooms that has a newer HVAC and has been a great stream of income to local fishermen and Watts Bar outage workers. There is also a 2 bedroom 1 bathroom single family home that has had a history of longterm renters. The sale of this property also includes the adjoining lot with building on it. This is an opportunity that you do not want to miss!! Schedule your showing today!
REALTRACS as Distributed by MLS Grid #2463985
Dec 2, 2022
Sold
$185,000
$112/sq ft
GCAR #1
Jun 23, 2022
Price Changed
$185,000
$112/sq ft
Jun 7, 2022
Price Changed
$199,900
$121/sq ft
May 26, 2022
Price Changed
$215,000
$130/sq ft
Dec 14, 2021
Price Changed
$225,000
$136/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Meigs County
APN
019081.00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 4, 2023.
FAR
Forest, Agricultural, Residential District
It is the intent of this district to provide space for forestry, agriculture and agriculturally-oriented uses and structures which provide an important part in the economy of Meigs County, and at the same time provide space for residential development for an ever expanding population. It is the intent here to protect the physical and economic well-being of agriculture operations and to prevent the encroachment of urban and other incompatible land uses on farm lands. This district is intended to provide locations for urbanization which are compatible with agriculture uses.
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Religious facility
Housing-Single unit
Housing-Multiple units
Educational / school
Golf related
Cemetery
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Covered Spaces: 0
Parking Total: 0
Parking Features: Detached
Interior
Heating & Cooling
Has Heating
Heating Information: Central, Electric
Has Cooling
Cooling Information: Central Air, Electric
Multi-Family Financial Information
Owner Pays: Electricity, Gas, Water
Gross Income: $37,992
Multi-Unit Information
# of Units (Total): 2
Unit Type 1 Information
Unit Type: Unit 1
# of Bedrooms: 8
Unit Type 2 Information
Unit Type: Unit 2
# of Bedrooms: 2
Exterior
Building Information
Construction Materials: Stone, Other, Brick
Roof: Other
Property Information
Property Type: Residential Income
Attached Property
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Lot Information
Lot Size Units: Acres
Lot Size Dimensions: 63.53 X 127 X 87 X 117.54
Financial
Tax Information
Tax Annual Amount: $322
Utilities
Utility Information
Water Source: Public
Sewer: Septic Tank
Utilities: Electricity Available, Water Available
Location
HOA Information
Association Amenities: Clubhouse
School Information
Elementary School: Meigs North Elementary
Middle Or Junior High School: Meigs Middle School
High School: Meigs County High School
Location Information
Directions: Take State route Hwy,58 North to State route Hwy 68 and turn left, then go about 1.5 miles and the property is on your right. Pull into the Bait and tackle shop.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Meigs County
APN: 019081.00
Home facts updated by county records on May 4, 2023
Other
Home Information
Living Area: 1656
Living Area Units: Square Feet
Building Area Total: 1656
Building Area Units: Square Feet
Year Built Details: EXIST
Structure Type: Multi Family
Levels: Three Or More
Around this home
Schools
Meigs North Elementary School
Public PreK-5 • Assigned • 3.9mi
5/10
Meigs Middle School
Public 6-8 • Assigned • 7.7mi
6/10
Meigs County High School
Public 9-12 • Assigned • 8.1mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 20 days in 30 years
3/10 Wind Factor
5% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Decatur, TN • 37322
Average low and high temperatures (°F)
46
26
56
33
70
43
77
52
77
58
86
66
90
72
85
67
82
62
74
50
64
43
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 4.1 hours in December, placing it below the
U.S. average for solar exposure.
9.3 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$201,000 – $244,000
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