240-0 Varnes Ln Ln Lakemont, GA 30552
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.