Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
N/A
Discover a timeless investment opportunity in the heart of Historic Covington. Comprising 11 turnkey residences across three all-brick buildings, this multifamily gem has been meticulously renovated between 2023 and 2025 and professionally managed with leases secured through 2026. Each 2- and 3-bedroom home blends classic Southern charm with modern convenience, featuring stainless steel kitchens, spa-inspired baths, and updated systems. The unit mix includes seven 2BR/1BA homes (˜ 950 sqft) and four 3BR/2BA homes (˜ 1,050 sqft), generating around $15,485 in scheduled monthly revenue. Residents enjoy walkable access to parks, dining, and downtown energy. Ideally located just a 4-minute walk to both Cricket Frog Trail and the City Park, and a 5-minute walk to Covington Square, famous for its film landmarks like The Vampire Diaries. A rare stabilized portfolio offering both immediate returns and long-term growth in Georgia’s beloved “Hollywood of the South.”
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Parking Lot
-
Pool
No
-
View
City, Trees/Woods, Neighborhood
Area & Lot
-
Lot Features
Level, Corner Lot, Other
-
Lot Size(acres)
0.93
-
Property Type
Residential Income
Price
-
Sales Price
$2,000,000
-
Tax Amount
6638.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
East Newton
-
Middle School
Cousins
-
High School
Eastside
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Newton
Elementary School
East Newton
Middle School
Cousins
High School
Eastside
Listing Courtesy of Shanae Reece , Keller Williams Realty Peachtree Rd.
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