Lakemont Multifamily Investment
For Sale
$1,500,000
240 Varnes Lane, Lakemont, GA 30552
Residential Income, Lakemont, GA
Property SizeContact for details
Lot Size10.00 Acres
Days on Market689
Property Features for 240 Varnes Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Elementary school
Rabun
Middle school
Rabun
High school
Rabun
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
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
10
Building materials
Block, Brick, Vinyl Siding, Wood Siding
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Syed Firoz · License #419636
(470) 269-0420
Added: Oct 1, 2024
Changed: Aug 19
Last Checked: Aug 20 at 4:06PM
MLS# 10387152
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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. The current income from all units is $10500. All units are tenant occupied.
Key Highlights
- Multi‑family zoned property with 10 units across 7 buildings, providing immediate rental income.
- Current rental income of $10,500**, offering a potential for the property to pay for itself.
- Total of 10 acres (4 acres + 6 additional acres) allows for future expansion and development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
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 a potential for the property to pay for itself.; Total of 10 acres (4 acres + 6 additional acres) allows for future expansion and development.
