Lakemont Multifamily Investment
For Sale
$1,500,000
240 Varnes Lane, Lakemont, GA 30552
MULTI_FAMILY - Lakemont, GA
Lot Size10.00 Acres
Days on Market670
Property Features for 240 Varnes Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Window features
Double Pane Windows
Lot features
Private
View
City
Elementary school
Rabun County
Middle school
Rabun County
High school
Rabun County
Directions
PLEASE USE GPS
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
Ceiling Fan(s), Central Air
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 Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Syed Firoz · License #419636
(770) 495-5050
Added: Oct 1, 2024
Changed: Jul 28
Last Checked: Aug 1 at 9:06AM
MLS# 7464136
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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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 income of $10,500, offering potential for the property to pay for itself; Total of 10 acres allows for future expansion and development opportunities
