For Sale
$645,000

2175 Emory StCovington, GA 30014

Income-producing property, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This Covington, Georgia property, located at 2175 Emory Street NW, presents a unique investment opportunity. The 1.08-acre lot features two buildings constructed in 1948. The main building currently houses a ground-floor hair salon and separate upstairs and downstairs rental units, each with its own entrance. These units are currently rented as businesses but could easily be converted into two 2-bedroom residential apartments. A second building on the site contains two 1-bedroom apartments, also currently rented. Showings of the apartments are by appointment only and require pre-approval or proof of funds due to the current tenants. The property boasts a large parking lot, ideal for commercial tenants or residents. The property's prime location is directly across from the Newton County Municipal building. Current annual income is $75,000, with potential to exceed $120,000 through increased rents. The seller currently utilizes a portion of the main building. The asking price for this exceptional property is $645,000.

Highlights

  • $645,000 Asking Price
  • Office and retail property with two buildings on a 1.08-acre lot in Covington, GA
  • Built in 1948
  • Currently generating $75,000 annual income, with potential to exceed $120,000
  • Includes a ground-floor hair salon and multiple residential rental units.

Property Details for 2175 Emory St

Property type
Retail properties, Office properties
Year Built
1948
Buildings
2
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Covington
County
Newton - GA
State
Georgia
Latitude
33.5992235
Longitude
-83.864159
2175 Emory St, Covington, Georgia

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2175 Emory St
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