284 Covington ST #1 new Save Request In-Person Tour Request Virtual Tour
Loganville,GA 30047
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10402554
Year Built 1900
Annual Tax Amount $1,993
Tax Year 2024
Lot Size 0.800 Acres
Property Description
Great opportunity for consistent rental income and potential future development as commercial property! This charming home, built in 1900, is situated on a convenient corner lot and currently features three rental units, all with long-term month-to-month tenants. Each unit boasts its own unique character: two are located on the ground floor, while the third is on the second floor. Unit #1 features high ceilings, a study, a kitchen with a breakfast room, a second bedroom, a full bath, and a dedicated laundry room. Unit #2 includes a living room, a galley kitchen, a primary and a secondary bedroom, and a full bath, sharing a laundry room with Unit #3. Unit #3, located on the second floor, offers a primary and a secondary bedroom, a dining room, a kitchen, a full bath, and both front and rear stairways, while also sharing the laundry room with Unit #2. The property has ample parking and a covered carport for Unit #1. Its prime location provides easy access to shopping, schools, and more in Loganville. With a planned medical facility across the street, this property could generate steady rental income for future employees or be converted to commercial use.
Location
State GA
County Walton
Interior
Heating Central,Forced Air,Natural Gas
Cooling Ceiling Fan(s),Central Air
Exterior
Garage Carport,Off Street,Over 1 Space per Unit
Garage Spaces 6.0
Community Features Walk To Shopping
Utilities Available Electricity Individual Meters,Gas Individual Meters,Sewer Connected
Building
Story Two
Foundation Block
Sewer Public Sewer
Schools
Elementary Schools Out Of Area
Middle Schools Other
High Schools Out Of Area
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition As Is,Estate Owned