2133 Thompson AVE SE new Save Request In-Person Tour Request Virtual Tour
Covington,GA 30014
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Thompson Avenue Townhomes
MLS Listing ID 7676876
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1972
Annual Tax Amount $6,638
Tax Year 2024
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Discover a timeless investment opportunity in the heart of Historic Covington. Comprising 11 turnkey residences across three all-brick buildings, this multifamily gem has been meticulously renovated between 2023 and 2025 and professionally managed with leases secured through 2026. Each 2- and 3-bedroom home blends classic Southern charm with modern convenience, featuring stainless steel kitchens, spa-inspired baths, and updated systems. The unit mix includes seven 2BR/1BA homes (˜ 950 sqft) and four 3BR/2BA homes (˜ 1,050 sqft), generating around $15,485 in scheduled monthly revenue. Residents enjoy walkable access to parks, dining, and downtown energy. Ideally located just a 4-minute walk to both Cricket Frog Trail and the City Park, and a 5-minute walk to Covington Square, famous for its film landmarks like The Vampire Diaries. A rare stabilized portfolio offering both immediate returns and long-term growth in Georgia's beloved “Hollywood of the South.”
Location
State GA
County Newton
Area Thompson Avenue Townhomes
Lake Name None
Interior
Heating Central,Electric,Forced Air
Cooling Central Air,Electric
Flooring Carpet,Vinyl
Window Features Insulated Windows
Exterior
Parking Features Parking Lot
Fence Back Yard
Community Features Near Shopping
Utilities Available Electricity Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View City,Trees/Woods,Neighborhood
Roof Type Composition,Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Level,Corner Lot,Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Updated/Remodeled
Schools
Elementary Schools East Newton
Middle Schools Cousins
High Schools Eastside
Others
Senior Community no