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Lakemont Multifamily Investment Opportunity
For Sale
$2,700,000

240-0 Varnes Ln, Lakemont, GA 30552

Multifamily property with 21 units, currently tenant occupied.

Property SizeContact for details
Days on Market214

Property Features for 240-0 Varnes Ln

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1986
Listing Agency: Virtual Properties Realty.com
Listed By: Syed Firoz (470-269-0420) · License #419636
Source: Newhomesinmetroatlanta
Added: Mar 26 Changed: Oct 12 Last Checked: Oct 24 at 5:53PM

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

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Investment Insights

Based on property information with market context.

This multifamily property, zoned for such use, comprises a combination of multiple listings featuring multi-quad and multiple buildings, totaling 21 units. All units are currently tenant occupied. The property includes listings 7464136 (240 Varnes Lane, Lakemont, GA), 7462742 (12480# Highway 27, Summerville) and 7459993 (102 Asbell Street, Irwinton).

Key Highlights

  • Zoned Multi‑Family: Ideal for investment and rental income.
  • 21 Units Across Multiple Buildings: Substantial income potential from a diverse portfolio.
  • Tenant Occupied: Immediate cash flow upon purchase.

Property Analytics

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Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property with 21 units, currently tenant occupied.
Where is this multifamily property located?
The property is located at 240-0 Varnes Ln Lakemont, GA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Zoned Multi‑Family: Ideal for investment and rental income.; 21 Units Across Multiple Buildings: Substantial income potential from a diverse portfolio.; Tenant Occupied: Immediate cash flow upon purchase.
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