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    240-0 Varnes Ln Ln Lakemont, GA 30552

    For Sale
    $2,700,000

    Ten-acre, 21-unit multifamily complex. High ROI potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity encompasses a ten-acre parcel in Lakemont, Georgia, featuring a combined 21-unit multifamily complex. Currently zoned multifamily, this property presents a compelling return on investment. The portfolio consists of three separate properties, offering a diverse range of unit types and layouts. All units are currently occupied by tenants, generating immediate cash flow. The properties are strategically located across multiple addresses, providing a diversified investment strategy. The combined properties offer a significant opportunity for an investor seeking a substantial portfolio with immediate income generation. The seller prefers showings to be scheduled only after a suitable offer has been submitted. This is a rare chance to acquire a substantial multifamily holding in a desirable location with proven rental income. The property's ten-acre footprint offers potential for future expansion or development, further enhancing its long-term value. Given the current occupancy and zoning, this property is poised for continued success and strong financial performance. Serious inquiries only.

    Property Features for 240-0 Varnes Ln Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    435,600 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lakemont
    County
    Rabun - GA
    State
    Georgia
    Longitude
    -83.4096
    Latitude
    34.7883

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    FAQs

    What type of property is this?
    Commercial real estate - Ten-acre, 21-unit multifamily complex. High ROI potential.
    Where is this commercial real estate located?
    The property is located at 240-0 Varnes Ln Ln Lakemont, GA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    (770) 495-5050
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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

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    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
    240-0 Varnes Ln Ln Lakemont, GA 30552
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