Leased Multifamily Portfolio with Multiple
240 Varnes Lane Lakemont, GA 30552
240 Varnes Lane, Lakemont, GA, 30552
$1,500,000
For Sale
$1,500,000
Zoned multi-family R3, this 7-building property includes 10 tenant-occupied units served by a community well.
Lot Size4.00 Acres
Days on Market656
Property Features for 240 Varnes Lane
General Information
- Standard status
- Active
- Lot size
- 4.00 Acres
- Property subtype
- Multi Family
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 5, 2024 Updated: Jul 21 at 3:08PM Checked: Jul 21 at 3:08PM
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Investment Insights
Based on property information with market context.
Zoned multi-family (R3), this residential income property features 7 buildings totaling 10 units. The mix includes 1 triplex, 1 duplex, 2 single-wide mobile homes, and 2 studio cottages, with one cottage having a loft and a 2/1 cabin. All units are presently leased and tenant-occupied, and the property is served by a community well for all units.
The property consists of approximately 4 acres plus an additional 6 acres. The tract is described as convenient off Hwy 441 in the Lakemont area, approximately 5 miles to Clayton, Georgia. The listing also notes additional acreage that allows room for expansion.
Current income for the units is listed as $10,500. The owner prefers showings to occur with an acceptable offer. The triplex and duplex are also offered as single listings for sale.
The property consists of approximately 4 acres plus an additional 6 acres. The tract is described as convenient off Hwy 441 in the Lakemont area, approximately 5 miles to Clayton, Georgia. The listing also notes additional acreage that allows room for expansion.
Current income for the units is listed as $10,500. The owner prefers showings to occur with an acceptable offer. The triplex and duplex are also offered as single listings for sale.
Key Highlights
- Zoned R3 multi‑family property with 7 buildings and 10 tenant‑occupied units
- Building mix includes 1 triplex, 1 duplex, 2 single wide mobile homes, and 2 studio cottages (one with a loft and a 2/1 cabin)
- Community well serves all units; all utilities are in place for tenant occupancy
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Zoned multi-family R3, this 7-building property includes 10 tenant-occupied units served by a community well.
Where is this apartment building 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: Zoned R3 multi‑family property with 7 buildings and 10 tenant‑occupied units; Building mix includes 1 triplex, 1 duplex, 2 single wide mobile homes, and 2 studio cottages (one with a loft and a 2/1 cabin); Community well serves all units; all utilities are in place for tenant occupancy
