940 Mote RD Active Save Request In-Person Tour Request Virtual Tour
Covington,GA 30016
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7621702
Construction Status Resale
HOA Y/N No
Year Built 1995
Annual Tax Amount $615
Tax Year 2023
Lot Size 2.450 Acres
Acres 2.45
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Discover a remarkable investment opportunity on this expansive 2.45-acre property, ideally suited for investors and builders alike. This estate features three income-generating units, providing a steady revenue stream. The highlight is a beautifully remodeled 2-bedroom, 1-bath unit that boasts modern finishes and inviting living spaces. The other two units have been thoughtfully updated, offering half-remodeled spaces filled with potential. Additional value comes from a full basement that presents various possibilities, whether for additional storage or further rental opportunities, maximizing your income potential. The property offers ample space for parking, accommodating multiple cars, trucks, trailers, and more. Recent upgrades include a new roof installed in 2022 and a brand-new water heater, ensuring peace of mind for both you and your tenants. The septic system was serviced in March 2024, adding to the property's appeal. Monthly utilities are attractively low, with water at $100, cable and internet for $90, and electricity averaging $250, all conveniently bundled in the rent. The investment is solid, with a 3-bedroom unit securely leased until January 2026 for $1,400, and a well-appointed 2-bedroom unit with a lease ending the same month at $1,200. The land's versatility allows for a wide array of income-generating possibilities, further enhanced by the full basement that could be rented out to businesses in need of storage space.
The seller is motivated and ready to entertain offers. Don't miss out on the chance to unlock the full potential of this property!
Location
State GA
County Newton
Area None
Lake Name None
Interior
Heating Other
Cooling Electric,Window Unit(s)
Flooring Laminate,Vinyl
Window Features None
Exterior
Parking Features Driveway
Fence None
Community Features None
Utilities Available Cable Available,Electricity Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Rural
Roof Type Metal,Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level,Private,Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Frame
Construction Status Resale
Schools
Elementary Schools Newton - Other
Middle Schools Newton - Other
High Schools Newton - Other
Others
Senior Community no
Tax ID 0047A00000030000