$700,000
For Sale

10860 Covington Bypass Rd

Covington, GA 30014
Type:Purchase
Structure:Land
Zone:Residential

Description

Georgia Premier RE Advisors is pleased to present an already approved Rental Townhome Development Lot in the city limits of Covington. The parcel has all utilities available including water, sewer, natural gas, and high speed internet. The lot is zoned C-R and has already been approved for 49 rental townhome units. The units are currently sized at 26x50 and will be rear entry units with either 1 or 2 car garages. The property is surrounded by townhome/apartment communities with rentals ranging from $1000-1700/mo per unit depending on size. There is a tremendous need for more townhome units in Covington and this location is in a key position. The seller already has all concept/site plans, environmental/feasibility studies, civil plans, corp of engineers wetland letter, and new boundary survey needed for an LDP. Seller is expecting to have LDP in hand within 2-3 weeks. Call for more details and come take advantage of all the work that has already been done.

  • Property Details
      • Utility FeaturesElectricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
      • SubdivisionCovington Station
      • Sewer InformationPublic Sewer
      • Elementary SchoolMiddle Ridge
      • Middle SchoolIndian Creek
      • Lot DescriptionCity Lot
      • Property TypePurchase
      • MLS #10327317
      • MLS #10327317
      • Utility SourcePublic
      • High SchoolNewton
      • CountyNewton
      • Cost700000
      • Acres9.05
      • Property SubtypeLand
      • Taxes Annual$1

Location

C. Bernard Solomon | James Solomon Realty Inc.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00