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940 Mote Road, Covington, GA 30016

View property features, location on map, relevant school information and overview from seller's agent.

Listed byVirtual Properties
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Overview

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

Full feature list

Basic info

Number of stories
1
Lot size (acres)
2.45
Year built
1995

Utilities

Heating
Other
Cooling
Electric, Window unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2023)
$615

Public schools

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Sourced from: First Multiple Listing Service (FMLS) MLS®#: 7621702 Last checked:

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