Lakemont Multifamily Investment
240 Varnes Lane Lakemont, GA 30552
MULTI_FAMILY - Lakemont, GA
Lot size:
10.00 Acres- Added:
- Oct 1, 2024
- Days on Market:
- 648
- Last Refresh:
- Jul 10 at 1:06 pm
Property Features for 240 Varnes Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Window features
- Double Pane Windows
- Standard status
- Active
- APN
- 046B 005
- Lot size
- 10.00 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1449
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Carpet
- Building materials
- HardiPlank Type
- Roof type
- Metal
Listing agent Syed Firoz License #419636 (770) 495-5050
Listing office Virtual Properties Realty.com 2750 Premiere Pkwy Suite 200, Duluth, GA (770) 495-5050
Listing date Oct 1, 2024
MLS# 7464136
Listing URL
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Investment Insights
Based on property information with market context.
This multifamily property, located in Lakemont, Georgia, is zoned for multifamily 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 2/1 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, offering a private area for hiking and relaxation. Sassafrass Knoll is conveniently located off Highway 441, approximately 5 miles from Clayton, Georgia. The property is currently zoned R3, with additional acreage available for further development. All units are tenant occupied. The current income from all units is $10,500. The property includes 4 acres and an additional 6 acres, providing ample room for expansion.
Key Highlights
- Multi‑family zoned property with 10 units across 7 buildings, providing immediate rental income
- Current income of $10,500, offering potential for the property to pay for itself
- Total of 10 acres allows for future expansion and development opportunities
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multifamily property with 10 units on 10 acres.
Where is this multifamily property located?
The property is located at 240 Varnes Lane Lakemont, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Multi‑family zoned property with 10 units across 7 buildings, providing immediate rental income; Current income of $10,500, offering potential for the property to pay for itself; Total of 10 acres allows for future expansion and development opportunities
