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Rhonda Gailey

rhonda@gaileyenterprises.com +1(352) 897-2018

$ 215,000

Est. payment -/mo

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New

940 Mote RD Covington, GA 30016

2.45 Acres Lot

UPDATED:

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

Listed by Virtual Properties Realty.com