Leased Multifamily
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 Market715
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
(470) 269-0420
Added: Oct 1, 2024
Changed: Sep 12
Last Checked: Sep 15 at 7:06PM
MLS# 7464136
Copyright © 2026 First Multiple Listing Service, Inc. 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 includes 10 units across 7 buildings on a 10-acre tract. The configuration comprises a triplex, duplex, two single-wide mobile homes, two studio cottages, and a 2/1 cabin; one cottage also includes a loft. All units are currently leased. Improvements include HardiPlank-type construction, metal roofing, central heating, central air, ceiling fans, carpeted flooring, driveway parking, septic service, and natural gas availability.
The property is located off Highway 441 in Lakemont, approximately 5 miles from Clayton, Georgia. It is currently zoned R3, with 4 acres identified for the existing property and an additional 6 acres offering room for further development. The grounds also include a noisy branch, mountain laurel, and a private wooded area suitable for hiking and outdoor use.
The property is located off Highway 441 in Lakemont, approximately 5 miles from Clayton, Georgia. It is currently zoned R3, with 4 acres identified for the existing property and an additional 6 acres offering room for further development. The grounds also include a noisy branch, mountain laurel, and a private wooded area suitable for hiking and outdoor use.
Key Highlights
- 10 units across 7 buildings
- Unit mix includes a triplex, duplex, two single‑wide mobile homes, two studio cottages, and a 2/1 cabin
- All units are currently leased and tenant occupied
Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Seven-building residential compound with varied unit types, tenant occupancy, and R3 zoning near Highway 441.
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: 10 units across 7 buildings; Unit mix includes a triplex, duplex, two single‑wide mobile homes, two studio cottages, and a 2/1 cabin; All units are currently leased and tenant occupied
