Additional Details

• Important Details: --> Vacant at close --> No HOA --> Great rental or Resale Opportunity
• Features: Value-Add Single-Family Opportunity in Covington, GA UNDER $50K! This 2/1 home offers approximately 1,204 SQFT of living space and sits on a sizable 0.62-acre lot, giving an investor a strong opportunity to renovate, reconfigure, and add value. With over 1,200 SQFT to work with, one of the biggest value-add opportunities is the potential to reconfigure the existing 2/1 layout into a more desirable 3/2, helping maximize both resale value and rental potential. With a large lot, solid footprint, and an entry price under $50K, this property offers plenty of upside for the right investor.
• Potential ARV: $200,000-$220,000
• Rehab Description: This is a full rehab opportunity inside and out. To maximize resale value, reconfigure the existing 2/1 layout into a more desirable 3/2. Complete a full interior renovation including new flooring, kitchen, bathrooms, paint, fixtures, and modern finishes throughout. On the exterior, evaluate and address the roof, HVAC, electrical, plumbing, windows, siding/exterior finishes, and any structural items as needed. Finish with fresh exterior paint, landscaping, and curb appeal improvements to get the property retail-ready.
• Ideal Investment Strategy: Resale/Rental
• Comparable Rent: $1,500-$1,600
• Construction: FR
• Comp 1: 25 N Broad St, Covington, GA 30014 2/1 1364 SQFT 1916 Build SOLD @ $210,000 (Clean/Dated)
• Comp 2: 41 Poplar St, Covington, GA 30014 2/2 1454 SQFT 1920 Build SOLD @ $204,000 (Clean/Dated)
• Comp 3: 1 Ivy St, Porterdale, GA 30014 2/1 1108 SQFT 1906 Build SOLD @ $178,000 (Needs repairs/Dated)
• Hard Money: Hard Money Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money