Exceptional Multi-Property Investment Opportunity – Prime Assemblage on Covington Highway Seize a rare and highly versatile investment opportunity with this unique assemblage of three contiguous properties, collectively offering 4.62 acres of valuable real estate with approximately 40 feet of frontage along Covington Highway. This portfolio is ideally suited for a variety of development or renovation strategies, from enhancing the existing homes to constructing a small residential community. Its strategic location just minutes from Highway 285 ensures excellent connectivity and long-term value growth. Property Breakdown: Lot 1:A spacious 4-bedroom, 3-bathroom home encompassing 2,357 square feet of finished living space, plus an additional 391 square foot unfinished basement—perfect for customization or expansion. The home sits on a generously sized 0.66-acre lot, offering ample yard space and privacy. Lot 2:A charming 3-bedroom, 2-bathroom residence featuring 1,891 square feet of interior space, along with a 300 square foot unfinished basement. Set on a substantial 1.39-acre lot, this property offers both comfort and future development potential. Lot 3:A cozy 3-bedroom, 1-bathroom home offering 1,264 square feet of living area, situated on a sprawling 2.57-acre lot. Ideal for personal use, rental income, or as a candidate for redevelopment. Total Combined Acreage: 4.62 Acres With a flexible layout and diverse structures, this assemblage offers multiple paths for return on investment: Renovate and lease existing residences Develop a boutique housing enclave Subdivide and sell parcels individually Hold for long-term appreciation in a rapidly developing corridor Key Highlights: Prime location on Covington Highway Easy access to major thoroughfares, especially I-285 Approximately 40 feet of road frontage Flexible zoning potential (buyer to verify) Seller is open to offers on individual lots—see additional listings #10488862 and #10488863 for separate details. This is a compelling acquisition for investors, developers, or visionaries seeking a strategically located, multi-parcel property with excellent upside potential.
495 days
|
84
|
3
|
Zillow last checked:
Listing updated:
Listed by:
KIMBERLY D BRANCH,
Keller Williams Realty Atl Partners678-252-1900,
ERIC RENDER,
Keller Williams Realty Atl Partners
Source: FMLS GA,MLS#: 7549945
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 3
Rooms
Room types: Family Room, Laundry
Primary bedroom
Features: None
Level: None
Bedroom
Features: None
Primary bathroom
Features: None
Dining room
Features: None
Kitchen
Features: Breakfast Room, Country Kitchen
Heating
Central
Cooling
Central Air
Appliances
Included: Dishwasher, Gas Water Heater, Microwave, Refrigerator
Laundry: Common Area, Laundry Room
Features
Entrance Foyer, High Speed Internet, Other
Flooring: Carpet, Ceramic Tile, Hardwood
Windows: None
Basement: Partial,Unfinished
Has fireplace: Yes
Fireplace features: Basement, Brick
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 2,191
Total interior livable area: 2,191 sqft
Finished area above ground: 1,891
Finished area below ground: 0
Property
Parking
Parking features: None
Accessibility
Accessibility features: None
Features
Levels: One and One Half
Stories: 1
Patio & porch: None
Exterior features: None, No Dock
Pool features: None
Spa features: None
Fencing: Back Yard
Has view: Yes
View description: Trees/Woods
Waterfront features: None
Body of water: None
Lot
Size: 1.4 Acres
Features: Wooded
Details
Additional structures: None
Parcel number: 15 161 02 001
Other equipment: None
Horse amenities: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence, Residential
Materials
Brick, Cedar, Wood Siding
Foundation: Slab
Roof: Composition
Condition
Resale
New construction: No
Year built: 1959
Utilities & green energy
Electric: 220 Volts
Sewer: Septic Tank
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.