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Key Details
Sold Price $49,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 968 sqft
Price per Sqft $50
Subdivision River North Estates
MLS Listing ID 7260581
Sold Date 09/22/23
Style A-Frame
Bedrooms 3
Full Baths 1
Construction Status Fixer
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1960
Annual Tax Amount $369
Tax Year 2022
Lot Size 0.510 Acres
Acres 0.51
Property Description
PRICE IMPROVEMENT! Introducing an exceptional value-add property located in Covington, GA, this property offers immense potential for investors seeking a rewarding opportunity. Situated on a fantastic lot spanning half acre, this property presents an exciting prospect for a total renovation and the possibility of conversion into a commercial space. *********Great value add opportunity********
With a total renovation needed, this property provides an ideal canvas for investors looking to add value and maximize their returns. The opportunity to transform the property from its current state into a modern and appealing space ensures that investors can capitalize on the demand for updated properties in the area.
The location in Covington, GA, further enhances the property's appeal. Covington is a bustling city with a strong local economy and a growing population. Its strategic location, just a short distance from Atlanta, makes it an attractive destination for businesses and residents alike. This means that converting the property into a commercial space would tap into the thriving local market and offer a myriad of potential revenue streams.
The potential for conversion into a commercial space adds significant value to this property. With the ability to explore various options such as retail, office space, or even a restaurant, investors have the freedom to choose the most lucrative and suitable use for their investment goals. Covington's growing commercial sector and favorable business climate make this property an excellent choice for investors looking to capitalize on the city's economic growth.
In conclusion, this value-add property in Covington, GA, offers a remarkable opportunity for investors seeking a total renovation project with the potential for conversion into a commercial space. With the need for renovation, a superb lot, and the ability to tap into a thriving local market, this property presents an enticing investment opportunity for the right buyer
SEEKING FOR CASH OFFERS ONLY!
Location
State GA
County Newton
Lake Name None
Rooms
Bedroom Description None
Other Rooms None
Basement None
Main Level Bedrooms 3
Dining Room None
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Hardwood
Fireplaces Type None
Window Features None
Appliance Other
Laundry None
Exterior
Exterior Feature Other
Parking Features Driveway
Fence None
Pool None
Community Features None
Utilities Available Electricity Available
Waterfront Description None
View Other
Roof Type Other
Street Surface Concrete
Accessibility None
Handicap Access None
Porch None
Private Pool false
Building
Lot Description Other
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Level or Stories One
Structure Type Frame
New Construction No
Construction Status Fixer
Schools
Elementary Schools South Salem
Middle Schools Liberty - Newton
High Schools Alcovy
Others
Senior Community no
Restrictions false
Tax ID 0046A00000051000
Special Listing Condition None
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Bought with Fathom Realty GA, LLC.