284 Covington ST, Loganville, GA 30052 - MLS#7477355

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Simona Ispas

simona@propertiesbysimona.com +1(404) 801-8028

$499,900

Est. payment - /mo

0.8 Acres Lot

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UPDATED:

10/28/2024 03:03 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7477355

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1900

Annual Tax Amount $1,993

Tax Year 2024

Lot Size 0.800 Acres

Acres 0.8

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

Lake Name None

Interior

Heating Central, Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air

Window Features None

Exterior

Parking Features Carport, Driveway, Level Driveway, Parking Lot

Fence None

Community Features Near Shopping

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available

Waterfront Description None

View Trees/Woods

Roof Type Shingle

Accessibility None

Handicap Access None

Total Parking Spaces 6

Private Pool false

Building

Lot Description Corner Lot, Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Wood Siding

New Construction No

Construction Status Resale

Schools

Elementary Schools Bay Creek

Middle Schools Loganville

High Schools Loganville

Others

Senior Community no

Tax ID LG10000000159000

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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Listed by Harry Norman Realtors

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Simona Ispas

+1(404) 801-8028

REALTOR® | License ID: 401707

REALTOR® License ID: 401707