Savoy Park

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Savoy Park

Covington, GA 30014
Asking Price
$1.05M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel located in the city of Covington
  • Total asking price for the property is 1,050,000 dollars
  • Asset consists of 14 fully developed residential lots
  • Site supports immediate vertical construction for new housing
  • Located within the growing Atlanta metropolitan regional market

What's Special

Covington serves as a key component of the expanding Atlanta metropolitan area, offering a balance of regional accessibility and suburban growth. This residential land parcel in Savoy Park provides an immediate development option for builders and investors looking to capitalize on the sustained demand for housing in Newton County. Infrastructure is already in place to support residential construction, streamlining the path from acquisition to building vertical improvements. The site is well-positioned for traditional single-family home developments, catering to families and professionals moving to this growing pocket of Georgia. By leveraging the existing site preparation, project leads can mitigate early-stage development risks while focusing on high-quality residential outcomes. This asset represents a practical acquisition for those looking to expand their portfolio within a stable and developing submarket.

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NOI
$80,000
Cap Rate
7.62%
DSCR
1.28
Strong
Cash-on-Cash
5.61%
Monthly Payment
$5,194.827
Annual Cash Flow
$17,662.075

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