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Waterfront Short-Term Rental Property

5725 Wayland Springs Rd, Iron City, TN 38463

For Sale
$695,000

Four homes include rental cabins, an Airbnb, and a bunk house, alongside an occupied main residence.

Property Size3,656 SF
Lot Size6.71 Acres
Price / SF$190.10
Days on Market17

Property Features for 5725 Wayland Springs Rd

General Information

Standard status Active
Size 3,656 SF
Lot size 6.71 Acres

Additional Details

Multifamily Units 4

Building Details

Year Built 2010
Listing Agency: APEX Realty Group LLC
Listed By: Ted Wylie · License #314661
Source: Nashvillehouses
Added: Oct 22 Changed: Nov 3 Last Checked: Nov 6 at 9:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APEX Realty Group LLC

Rey
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Investment Insights

Based on property information with market context.

This 6.71-acre Shoals Creek property includes four homes, with rental cabins, an Airbnb, and a bunk house among the accommodations. The main residence is occupied and features a spacious living area, granite countertops, and a primary suite with a jacuzzi tub, double vanities, and walk-in closets. A covered porch faces the creek. The property was built in 2010.

Located at 5725 Wayland Springs Rd in Iron City, Tennessee, the property sits on the water at Shoals Creek. Kayaking and canoeing are noted recreation activities associated with the creek.

Key Highlights

  • 6.71 acres on Shoals Creek
  • Four homes on the property
  • Rental cabins, Airbnb, and a bunk house

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 38463, TN

2,737
Population
1,165
Households
2.3
Avg Household Size
42
Median Age
11%
College-Educated
89%
High-School Grad
115.0 sq mi
ZIP Area
24
Density / Sq Mi
$71,000
Median Household Income
$38,800
Median Earnings
$597
Median Rent
$135,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Four homes include rental cabins, an Airbnb, and a bunk house, alongside an occupied main residence.
Where is this short term rental property located?
The property is located at 5725 Wayland Springs Rd Iron City, TN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 6.71 acres on Shoals Creek; Four homes on the property; Rental cabins, Airbnb, and a bunk house
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