Lakemont Multifamily Investment
For Sale
$1,500,000
240 Varnes Lane, Lakemont, GA 30552
Multifamily property with 10 units on 10 acres.
Property SizeContact for details
Lot Size10.00 Acres
Days on Market675
Property Features for 240 Varnes Lane
General Information
Standard status
Active
Lot size
10.00 Acres
Property subtype
other
Taxes and HOA fees
Annual Taxes
$1,449
Building Details
Year Built
1986
Listing Agency:
Virtual Properties Realty.com
(470) 269-0420
Listed By:
Syed Firoz · License #419636
(470) 269-0420
Source:
Exitrealty
Added: Oct 4, 2024
Changed: Aug 8
Last Checked: Jul 15 at 10:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This multifamily property, zoned for such use, features 7 buildings comprising 10 units. The structures include 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 4 acres, with an additional 6 acres available for expansion. Tract 6 features a branch and mountain laurel, offering a private area for hiking and relaxation. Located off Highway 441 in Lakemont, it is approximately 5 miles from Clayton, Georgia. The current income from all units totals $10,500. The property is zoned R3, with additional acreage available for further development. All units are tenant-occupied, and showings are preferred with an acceptable offer.
Key Highlights
- Multi‑family zoned property with 10 units across 7 buildings, providing immediate rental income
- Current rental income of $10,500, offering potential for a property that pays for itself
- Total of 10 acres (4 acres + 6 additional acres) zoned R3, allowing for significant expansion and further development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 30552, GA
1,717
Population
1,686
Households
1
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
55.7 sq mi
ZIP Area
31
Density / Sq Mi
$58,417
Median Household Income
$41,141
Median Earnings
$1,139
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 rental income of $10,500, offering potential for a property that pays for itself; Total of 10 acres (4 acres + 6 additional acres) zoned R3, allowing for significant expansion and further development
