1. Georgia
  2. Covington
  3. 940 Mote Road
$215,000

940 Mote Road, Covington, GA 30016

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1995
  • Property Lot Size Icon2.45acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 18 days ago

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!

Listing Status:
Active
Date Added:
July 25, 2025 at 05:00AM
Listing Office:
Virtual Properties Realty.com : 770-495-5050
Listing Agent:
Piyusha Zope : 404-542-9391
MLS ID:
10571552
  • Basement: FullUnfinished
  • A/C: ElectricWindow Unit(s)
  • Heating: Other
  • Fireplace: Fireplaces: 0

This listing courtesy of Piyusha Zope, Virtual Properties Realty.com

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Livingston Elementary School

3657 Highway 81 S, Covington, GA, 30016

Grades PK-5

2.25 miles away

L

Liberty Middle School

5225 Salem Rd, Covington, GA, 30016

Grades 6-8

2.55 miles away

N

Newton High School

1 Ram Way, Covington, GA, 30014

Grades 9-12

4.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.