940 Mote Rd Covington, GA 30016
Estimated payment $1,228/month
Highlights
- 2.45 Acre Lot
- Rural View
- 1-Story Property
- Private Lot
- Window Unit Cooling System
- Vinyl Flooring
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $615
Year Built
- Built in 1995
Lot Details
- 2.45 Acre Lot
- Private Lot
- Level Lot
Parking
- Driveway
Home Design
- Frame Construction
- Shingle Roof
- Metal Roof
Interior Spaces
- 1-Story Property
- Rural Views
Flooring
- Laminate
- Vinyl
Utilities
- Window Unit Cooling System
- Cable TV Available
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 30
- Assessor Parcel Number 0047A00000030000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $677 | $26,740 | $14,000 | $12,740 |
| 2023 | $658 | $24,260 | $11,520 | $12,740 |
| 2022 | $340 | $12,520 | $8,400 | $4,120 |
| 2021 | $380 | $12,520 | $8,400 | $4,120 |
| 2020 | $380 | $11,320 | $7,200 | $4,120 |
| 2019 | $386 | $11,320 | $7,200 | $4,120 |
| 2018 | $389 | $11,320 | $7,200 | $4,120 |
| 2017 | $295 | $8,600 | $4,480 | $4,120 |
| 2016 | $295 | $8,600 | $4,480 | $4,120 |
| 2015 | $244 | $7,120 | $3,000 | $4,120 |
| 2014 | $244 | $7,120 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $215,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $238,000 | -- |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7621702
APN: 0047A00000030000
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