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    240 Varnes Ln Lakemont, GA 30552

    For Sale
    $1,600,000

    Other - Lakemont, GA

    Lot size:
    10.00 Acres
    Days on Market:
    430
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 240 Varnes Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    046B 005
    Parking features
    Driveway
    Lot size
    10.00 Acres

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    10
    Architectural style
    Other

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

    Listing agent Syed Firoz (770) 495-5050

    Listing date Oct 3, 2024

    MLS# 7464136 Listing URL

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

    Overview

    Lakemont Multifamily Investment Opportunity

    This multifamily property in Lakemont, Georgia, is zoned for multi-family use and includes 7 buildings with a total of 10 units. The buildings consist of 1 triplex, 1 duplex, 2 single-wide mobile homes, 2 studio cottages (one with a loft), and a 2-bedroom, 1-bathroom cabin. All units are currently leased. A community well serves all units. The property spans 10 acres, with an additional 6 acres available for expansion. Tract 6 features a noisy branch with mountain laurel, creating a private area for hiking and relaxation. Sassafrass Knoll is located off Highway 441, approximately 5 miles from Clayton, Georgia. The property is currently zoned R3. The current income from all units is $10,500. All units are tenant-occupied, and showings are preferred with an acceptable offer.
    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
    -83.410367
    Latitude
    34.78912

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with 10 units on 10 acres in Lakemont.
    Where is this apartment building located?
    The property is located at 240 Varnes Ln Lakemont, GA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Multi-family zoned property with 10 units generating $10,500 in monthly income.; - Includes 4 acres with an additional 6 acres available for expansion.; - Property features a mix of unit types: triplex, duplex, mobile homes, studio cottages (one with loft), and a 2/1 cabin.
    (770) 495-5050
    Request Owner's contact information
    240 Varnes Ln Lakemont, GA 30552
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    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
    240 Varnes Ln Lakemont, GA 30552
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