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Introducing
115 Arthurs LN
Realtors: Secure a $45,000* Instant ROI for Your Client with This Exclusive Covington Investment – 115 Arthurs LN
Realtors, present your clients with an unparalleled investment opportunity at 115 Arthurs Lane in Covington, Georgia 30016. Priced attractively at just $219,900, this 4-bedroom, 2-bath residence offers immediate potential for significant equity growth and robust returns, with a potential $45,000 in instant ROI, making it an ideal listing for both discerning homeowners and astute investors.
Strategically located in a tranquil and highly sought-after neighborhood, this property's competitive price point firmly establishes it as a strong contender in a thriving local market. Emphasize its promising appreciation potential to clients focused on long-term value.
For your investor clients, this property provides clear pathways to substantial ROI. Recommend a buy-and-hold strategy to leverage consistent rental demand in Covington for reliable passive income and sustained appreciation. Alternatively, for clients seeking quicker returns, a strategic flip is highly viable, given its competitive acquisition price and strong potential for value-add improvements within this dynamic market.
Property Overview
$219,900
List Price
Priced at $175/sq ft, offering strong value and immediate equity growth potential for investors.
4
Bedrooms
Versatile split-level layout with ample space, ideal for families or flexible use.
2
Full Baths
Two full bathrooms provide essential convenience and present an opportunity for value-add renovations.
1,250
Square Feet
Spacious 1,250 sq ft A-frame design offers an open, airy, and inviting ambiance.
For investors, this property offers multiple avenues for a strong Return on Investment (ROI):
  • Value-Add Renovation: Strategic updates (bathrooms, kitchen) can significantly boost appraisal value and rental income.
  • Rental Income Potential: Desirable 4-bedroom layout ensures consistent demand and strong rental yields.
  • Long-Term Appreciation: Located in a stable, established subdivision with no HOA, conducive to sustained property value growth.
  • Flexible Exit Strategy: Adaptable for quick flips post-renovation or long-term rental cash flow and appreciation.
This charming 2004-built split-level A-frame home is situated on a generous 0.59-acre lot in the peaceful Old Covington Bridge subdivision. Its "great bones" and spacious layout make it ideal for transformative renovation and customization.
The absence of HOA restrictions offers unparalleled freedom and cost savings. It includes a two-car garage for secure parking and storage, plus extensive extra parking space.
Key Investment Metrics
$219,900
List Price
$265,000
Comps Value
$45,000*
Potential ROI
Empower Your Clients: Realtors - Discover the Untapped Potential of This Investment Property
Immediate Equity Growth
Highlight to your clients that this property is priced significantly below market value, offering immediate equity upon purchase. This is a powerful selling point for both investors seeking instant value and homeowners looking for a smart buy.
Flexible Investment Strategies
Emphasize to potential buyers the versatility of this investment. Whether their strategy is a long-term buy-and-hold for consistent rental income or a strategic flip for substantial profit, this property offers lucrative options tailored to their goals.
No HOA Restrictions
Communicate to clients the significant advantage of no HOA restrictions. This means unparalleled freedom for property improvements, no recurring HOA fees, and greater flexibility—a strong appeal for buyers seeking autonomy and lower monthly costs.
Strong Appreciation Potential
Assure your clients of the robust long-term value. Situated in a tranquil and established subdivision with a strong local market, this property is ideally positioned for sustained appreciation, ensuring an excellent return on their investment over time.
Investment Opportunity
Below Market Pricing with Significant Upside
Priced at a competitive $219,900, this property offers immediate and substantial equity potential. Its current pricing reflects the need for cosmetic updates and some system improvements, which, once completed, will significantly boost its market value. Comparable renovated homes in the desirable Old Covington Bridge subdivision consistently sell in the $250K to $280K range, indicating a clear path to instant value creation and a strong return on investment. Current market conditions in Covington are favorable for renovation projects, with steady appreciation and high demand for updated homes.
Flexible Financing and Future Value Creation
This property qualifies for FHA 203(k) financing, allowing buyers to roll the costs of both the purchase and improvements into a single mortgage. This makes comprehensive renovations accessible, even with limited immediate capital. Furthermore, with no HOA restrictions, investors benefit from lower ongoing costs and greater flexibility in property use and improvements, enabling a wider range of renovation possibilities and potential income streams.
Investor Strategy for Maximizing ROI
This property offers multiple strategic paths for investors to achieve significant returns:
  • Fix and Flip: Capitalize on strong demand by undertaking cosmetic updates and essential system improvements for rapid, profitable resale.
  • Long-Term Hold with Value Add: Leverage FHA 203(k) financing for comprehensive renovation, then hold as a rental for enhanced income and equity growth.
  • Hybrid Approach: Complete initial renovations to increase immediate equity, then explore refinancing options while retaining the property for long-term appreciation.
  • Future Development Potential: Utilize the generous 0.59-acre lot and no HOA for expanding the existing structure or adding accessory dwelling units (ADUs) to further enhance income or resale value.
Interior Features
Kitchen & Dining
  • Eat-in kitchen with classic white cabinetry and classic appliances.
  • Includes a dishwasher and ample pantry storage.
  • Functional space with potential for minor cosmetic upgrades.
Living Spaces
  • Expansive feel with vaulted ceilings in main living areas.
  • Flooring is a mix of carpeting (bedrooms/living room) and durable tile (kitchen/bathrooms).
  • Features an efficient central air and heating system.
  • All window treatments are included for immediate privacy.
Bedrooms & Baths
  • Three comfortably sized bedrooms on the main level.
  • Two full bathrooms for convenience.
  • Dedicated hall laundry location.
  • Ample closet space in each bedroom.
Additional Interior Details
  • Abundant natural light creates a welcoming ambiance.
  • Built-in storage solutions maximize utility.
  • Solid foundation for personalized renovations.
  • New roof installed in 2013.
  • Windows are double-paneled for energy efficiency.
Investor Strategy for ROI
  • Kitchen & Dining: Targeted upgrades (countertops, fixtures, paint) for enhanced appeal.
  • Living Spaces: Modernize lighting and flooring for increased perceived value.
  • Bedrooms & Baths: Focus on cosmetic renovations (vanities, tile, shower heads) to boost equity.
  • Overall Potential: Cost-effective, high-impact renovations ensure strong ROI.
Property Photos
View all photos showcasing the property's spacious split-level layout, including the open-concept kitchen with white cabinetry and vaulted ceilings in the living room. Images highlight the comfortable carpet and tile flooring, abundant natural light, and the home's warm ambiance. The gallery also features the charming exterior, ample parking, and an additional storage shed, offering a glimpse into the convenient and peaceful neighborhood.
Investor Strategy for ROI
  • Leverage the desirable location and family-friendly layout for steady rental income.
  • Implement cosmetic upgrades in the kitchen and bathrooms to significantly increase market value.
  • Benefit from the stable Covington market for strong long-term capital appreciation.
Location & Neighborhood
Covington, Georgia: A Community Gem
Located in Newton County's charming Old Covington Bridge subdivision, this property offers ideal suburban living. Covington, often called 'Hollywood of the South,' boasts a rich history and vibrant community centered around its picturesque downtown square, featuring diverse shops, restaurants, and seasonal events.
The Old Covington Bridge subdivision provides a peaceful, family-friendly environment with tree-lined streets and well-maintained infrastructure. Residents enjoy convenient access to various amenities, dining, and recreational facilities. The expansive 0.59-acre lot is a significant highlight, offering privacy and generous space for outdoor living, distinguishing the property and providing endless opportunities for leisure.
Excellent School Districts & Affordable Living
  • Elementary School: Oak Hill Elementary
  • Middle School: Veterans Memorial Middle - Newton
  • High School: Newton High School
The property falls within the highly regarded Newton County School System, specifically zoned for Oak Hill Elementary, Veterans Memorial Middle School, and Newton High School. These schools are known for dedicated educators and diverse academic programs.
One of the most appealing aspects of this home is its affordability combined with its prime location within a desirable school district. With annual property taxes totaling just $2,390 for 2024, this residence presents an exceptionally economical option for homeownership, ensuring long-term value in a quality school zone.
Investment Strategy for Return on Investment (ROI)
For investors, 115 Arthurs Lane presents a compelling opportunity for strong ROI. The combination of affordable property taxes, a desirable school district, and Covington's growing appeal positions this home as an attractive asset for long-term appreciation and rental income. The large 0.59-acre lot offers significant development potential. With a strong local rental market, especially for homes zoned for highly-rated schools, investors can anticipate steady rental yields and robust returns over time.
Exterior & Parking
Spacious 2-Car Garage
A spacious, attached two-car garage offers direct home access and potential for a workshop or extra storage. The expansive driveway accommodates two additional vehicles, providing ample parking for residents and guests.
Inviting Outdoor Deck
An inviting outdoor deck, perfect for relaxation and entertaining, seamlessly extends the living space outdoors. It overlooks a substantial, private backyard offering abundant space for recreational activities and future enhancements like gardens or a pool.
Convenient Storage Shed
A convenient storage shed in the backyard provides valuable additional space for garden tools, equipment, and seasonal items. This functional addition enhances organization, frees up garage space, and adds value to the property.
Investor Strategy & Potential ROI
115 Arthurs Lane offers a compelling investment opportunity with strong ROI potential. Its desirable location in the Newton County School System and 'Hollywood of the South' status make it attractive to renters, ensuring steady rental income.
The expansive 0.59-acre lot with a substantial backyard provides significant upside for value appreciation through future enhancements like a pool or expanded outdoor living areas. Coupled with competitive annual property taxes and Covington's affordability, this property is poised for favorable long-term appreciation and substantial capital gains, making it a smart addition to any investment portfolio.
Technical Details
The home features modern utilities and systems, offering a solid foundation with ample opportunity for personalized updates. The absence of HOA restrictions provides unparalleled flexibility for future renovations, landscaping, or adding outdoor structures. For investors, this translates to a compelling ROI strategy, enabling strategic updates like modernizing kitchens and bathrooms, or enhancing curb appeal, to significantly boost property value and rental income. This flexibility empowers a tailored value-add approach, maximizing profitability.
Contact Your Agent
Michael Lindell
Real Estate Agent | License ID: 395224
Michael Lindell is a dedicated real estate professional with extensive knowledge of the Covington market, committed to exceptional service. Listed by EXP Realty, LLC & Chimpre Real Estate Group, ensuring comprehensive support. Contact Michael today for detailed information on this prime investment opportunity, including financial potential and market comparables. Schedule a private showing to explore how this property aligns with your investment goals.
Investment Strategy for Optimal ROI
This property at 115 Arthurs Lane offers significant ROI potential. Its prime location supports strong rental yields and consistent income through long-term leases. Strategic, cost-effective updates can elevate its market value for higher rents or profitable resale. The absence of HOA restrictions provides flexibility for modifications to maximize your investment.
Schedule Your Tour Today
Ready to experience 115 Arthurs Lane firsthand? This exceptional 4-bedroom property in Covington is priced aggressively at just $219,900, offering significant investment potential compared to local comparables over $250,000. It won't last long!
1
Seamless Scheduling
Contact Michael Lindell at (404) 664-8098 to effortlessly schedule your private tour. Call or text to arrange a convenient time.
2
Flexible Viewing Options
Choose between in-person or virtual tours to explore the home's layout and features at your convenience.
3
Streamlined Financing
The property accommodates cash, FHA 203(k) renovation, and conventional financing. Get pre-approved for a swift closing.
4
Maximize Your ROI
Strategic cosmetic updates or minor structural improvements can significantly increase property value and rental income.
Your journey to owning a promising asset begins now. Reach out today to secure your future investment and experience this property's unparalleled potential.
Disclaimer
*The information provided regarding 115 Arthurs Lane, including but not limited to financial projections, property details, and market insights, is for informational purposes only and does not constitute an offer, solicitation, or legal advice. While efforts have been made to ensure accuracy, prospective buyers and investors are strongly advised to conduct their own independent due diligence, including professional inspections, appraisals, and legal and financial consultations. All information is subject to change without notice, and no warranties or guarantees are expressed or implied as to the completeness, reliability, or suitability of the information for any particular purpose. Reliance on any information provided is solely at your own risk.