Active

240 Varnes Lane

Lakemont, GA 30552

$1,500,000 $6,324/Mo

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Overview

Bed

Bath

Acres(Lot)

Description

THIS PROPERTY IS ZONED MULTI-FAMILY AND CONTAINS 7 BUILDINGS WITH 10 UNITS. THE 7 BUILDINGS CONSIST OF 1 TRIPLEX, 1 DUPLEX, 2 SINGLE WIDE MOBILE HOMES, 2 STUDIO COTTAGES-ONE COTTAGE HAS A LOFT & ALSO A 2/1 CABIN. ALL THE UNITS ARE PRESENTLY LEASED. LISTED ABOVE ARE ONLY 4 BUILDINGS. A COMMUNITY WELL IS USED FOR ALL UNITS. PROPERTY CONSIST OF 4 ACRES AND ADDITIONAL 6 ACRES WITH PLENTY OF ROOM TO EXPAND. TRACT 6 HAS A NOISY BRANCH WITH LOTS OF MOUNTAIN LAUREL, AND A GREAT PRIVATE GET AWAY SPOT TO HIKE, ENJOY, RELAX AND ENJOY THE CLEAN MOUNTAIN AIR. SASSAFRASS KNOLL IS CONVENIENTLY LOCATED OFF OF HWY 441 IN BEAUTIFUL LAKEMONT APPROXIMATELY 5 MILES TO CLAYTON GEORGIA. TRIPLEX AND DUPLEX OFFERED AS SINGLE LISTINGS FOR SALE. 228 (FMLS#7459292)AND 230 (FMLS#7459293) VARNES CALL FOR ADDITIONAL INF ORMATION. CURRENT INCOME FROM ALL THESE UNITS ARE $10500. THIS PROPERTY WILL PAY FOR ITSELF! THE PROPERTY IS CURRENTLY ZONED R3 AND THERE ARE ADDITIONAL 6 ACRES AVAILABLE FOR PLENTY OF ROOM FOR MORE DEVELOPMENT! ALL UNITS ARE TENANT OCCUPIED. OWNER PREFERS SHOWINGS TO OCCUR WITH AN ACCEPTABLE OFFER.

Property Details

Property Type : Residential Income

Price : $1,500,000

AD Id : 59574613

MLS Id : 7464136

Lot Size : 10 Acres

Year Built : 1986

County : Rabun

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Carpet
Roofing Information

Metal
Interior Features

Roof: Metal Window Features: Double Pane Windows
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

Building Information

Year Built: 1986 Construction Materials: HardiPlank Type Private Pool: No View: City

Lot Information

Lot Dimensions: x Lot Size Acres: 10 Lot Size Source: Owner Lot Description: Private

Property Information

Subdivision: NA Source Property Type: Residential Income Postal Code Plus 4: 2321 Levels: Two Property Age: 40

Listing Price Information

Listing Price: $1500000 Original Price: $1600000 1031 Exchange, Cash, Conventional

Tax Information

Parcel Number: 046B 005 Tax Year: 2023 Annual Tax: $1449 Tax Legal Desc: TRACTS 1 & 2

Parking Information

Driveway

School Information

Elementary School: Rabun County

Junior High School: Rabun County

Senior High School: Rabun County
Utility Information

Electricity Available, Natural Gas Available
Location Information

Direction: PLEASE USE GPS WaterSource: Public Security Features: Carbon Monoxide Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
228 Varnes Lane, Lakemont, GA, 30552	$499,000	--	--	--
230 Varnes Lane, Lakemont, GA, 30552	$450,000	--	--	--

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$1,500,000

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240 Varnes Lane,
Lakemont, GA, 30552

Acres(Lot)

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228 Varnes Lane,
Lakemont, GA, 30552

Acre(Lot)

230 Varnes Lane,
Lakemont, GA, 30552

Acres(Lot)

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ByOwner last updated this listing 06/12/2026 @ 12:53

MLS: 7464136 LISTED BY: Syed Firoz, Virtual Properties Realty.com 770-495-5050 SOURCE: First Multiple Listing Service (FMLS)