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    230 Varnes Ln Lakemont, GA 30552

    For Sale
    $450,000

    MULTI_FAMILY - Lakemont, GA

    Lot size:
    3.00 Acres
    Days on Market:
    285
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 230 Varnes Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    046B 005
    Lot size
    3.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    2
    Building materials
    Block, Wood Siding

    Virtual Properties Realty (770) 495-5050 [email protected]

    Listing agent Syed Firoz (770) 495-5050

    Listing date Feb 24, 2025

    MLS# 10382518 Listing URL

    Copyright © 2025 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Duplex in Lakemont, GA

    This renovated and upgraded duplex in Lakemont, GA, presents a great opportunity for both owner-occupiers and investors. Located just off Highway 441 and minutes from Lake Rabun, the property offers convenient access to local amenities. The duplex features a new metal roof, new flooring, upgraded kitchens with granite countertops, and fresh paint. Zoned R3, the 3-acre lot offers potential for further development. Currently, both sides of the duplex are tenant-occupied, with each unit paying $1200 per month, totaling $2400 monthly. The market rate is $1600, indicating the potential to increase rents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hotel & Motel Gym & Fitness Department Store Skin Care Clinic Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakemont
    County
    Rabun
    State
    Georgia
    Longitude
    -83.409727
    Latitude
    34.789028

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    FAQs

    What type of property is this?
    Duplex - Upgraded duplex near Lake Rabun, ideal for investors/owner-occupiers.
    Where is this duplex located?
    The property is located at 230 Varnes Ln Lakemont, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Fully renovated and upgraded duplex with new metal roofing, flooring, kitchens, and paint.; - Excellent investment opportunity with current total rental income of $2400/month and potential to increase to market rate of $1600 per unit.; - Zoned R3 with room for further development.
    (770) 495-5050
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    230 Varnes Ln Lakemont, GA 30552
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    230 Varnes Ln Lakemont, GA 30552
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