940 Mote Road, Covington, GA 30016
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
940 Mote Road,Covington, GA 30016
$215,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:piyusha zope
Office:virtual properties realty.com
MLS#:7621702
Source:FIRSTMLS
Price summary
- Price:$215,000
About this home
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!
Contact an agent
Home facts
- Year built:1995
- Listing Id #:7621702
- Updated:August 03, 2025 at 01:22 PM
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Roof:Metal, Shingle
- Year built:1995
- Lot area:2.45 Acres
Schools
- High school:Newton - Other
- Middle school:Newton - Other
- Elementary school:Newton - Other
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$215,000
- Tax amount:$615 (2023)
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