8668 Lakeshore Drive, Rutledge, TN 37861

$699,000
1,248
SqFt

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List Price
$699,000
MLS#
3499724
Days on Market
37
Property Type
Multifamily
Sqft. of Residence
1,248
County
Grainger County
Status
ACTIVE

Property Description

Three streams of income today... room for so much more tomorrow. Discover the perfect blend of immediate cash flow and unlimited future potential with this one-of-a-kind commercial investment opportunity in Rutledge, Tennessee. Situated on 33.04 gated acres, this unique property includes three income-producing tiny homes, each currently occupied by long-term tenants, providing instant rental revenue from day one. Beyond the existing income, the possibilities are nearly endless. A logging road winds throughout the mostly wooded property, making it easy to explore the land and envision its future. Whether you're looking to expand the current rental portfolio, create a tiny home community, develop additional homesites, establish a private retreat, or simply invest in East Tennessee land, this property offers the space and flexibility to bring your vision to life. Dreaming of a homestead? This property offers the privacy, acreage, water features, and infrastructure to create your own self-sufficient lifestyle. Looking for a multigenerational family compound? With three existing residences and ample room for additional homes, it's an ideal setting for keeping loved ones close while still allowing everyone their own space. A carport/workshop with electricity and water is already in place and is positioned near a generous area of level ground, creating an ideal location for another home, guest house, workshop, or future expansion. Enjoy the peaceful setting complete with a private pond, mature timber, established logging roads, and the security of a gated entrance. Income-producing properties with this much acreage and development potential are increasingly rare. Whether you're an investor seeking immediate returns, a family searching for room to grow together, or someone ready to embrace the homesteading lifestyle, this exceptional property offers an opportunity that's difficult to duplicate.

Additional Information

Construction Type
Frame, Other
Cooling System
Central Air
Heating System
Electric, Heat Pump
Living Area
1,248
Lot Dimensions
1181x1571x46x707x83x102x340x805
Roofing Material
Metal
Tax Amount
$122
Year Built
2025
Type
Multifamily

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Listing courtesy of Wallace.

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