5181 Covington HWY, Decatur, GA 30035 – 10488862 - Lucy Small

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $253

MLS Listing ID 10488862

Style Bungalow/Cottage

Bedrooms 3

Full Baths 1

Year Built 1935

Annual Tax Amount $2,438

Tax Year 23

Lot Size 2.600 Acres

Property Sub-Type Single Family Residence

Property Description

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.

Location

State GA

County Dekalb

Interior

Heating Central

Cooling Central Air

Flooring Carpet,Hardwood,Tile

Laundry Common Area

Exterior

Parking Features Parking Pad

Community Features None

Utilities Available Cable Available,Electricity Available,High Speed Internet,Natural Gas Available

View Y/N No

Roof Type Composition

Building

Lot Description None

Sewer Septic Tank

Water Public

Structure Type Stone

New Construction No

Schools

Elementary Schools Canby Lane

Middle Schools Mary Mcleod Bethune

High Schools Towers

Others

Acceptable Financing Cash,Conventional,FHA,VA Loan

Listing Terms Cash,Conventional,FHA,VA Loan

Special Listing Condition Resale