940 Mote Road

Covington GA 30016

2.45 ac.

Other

Last sold for $185,000

PIYUSHA ZOPE, last sold this property on 19 December 2025 after 146 days on market.

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!

Features

2.45 ac. lot size

Other

Estimated Value

Based on this property and similar other properties sold in Covington over the last 12 months, the estimated median property value of 940 Mote Road is $176k.

Median value

$176k

Estimated value range

$58.5k - $201k

Median days on market

Estimated value trend

-10%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Covington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.