240-0 Varnes Ln Ln Lakemont, GA 30552
- Commercial real estate
- 10.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 240-0 Varnes Ln Ln
- Year built
- 1986
- Lot size
- 10.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses a ten-acre parcel in Lakemont, Georgia, featuring a combined 21-unit multifamily complex. Currently zoned multifamily, this property presents a compelling return on investment. The portfolio consists of three separate properties, offering a diverse range of unit types and layouts. All units are currently occupied by tenants, generating immediate cash flow. The properties are strategically located across multiple addresses, providing a diversified investment strategy. The combined properties offer a significant opportunity for an investor seeking a substantial portfolio with immediate income generation. The seller prefers showings to be scheduled only after a suitable offer has been submitted. This is a rare chance to acquire a substantial multifamily holding in a desirable location with proven rental income. The property's ten-acre footprint offers potential for future expansion or development, further enhancing its long-term value. Given the current occupancy and zoning, this property is poised for continued success and strong financial performance. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakemont
- County
- Rabun - GA
- State
- Georgia
- Longitude
- -83.4096
- Latitude
- 34.7883