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240 Varnes Lane Lakemont, GA $ 1,600,000
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$ 1,600,000 Get more info
240 Varnes Lane
$ 1,600,000
Back to search
Share Save

240 Varnes Lane

Lakemont, GA, 30552
$ 1,600,000
Baths0.0

Monthly Estimate*

$ 9,982

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Studio

Multi-Family Home for sale in Lakemont, GA

for $1,600,000. This home was built in 1986 on a lot size of 10.

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 INFORMATION. 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.

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Multi-Family Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,449

Style

Multi Family,Duplex,Quadruplex,Triplex

Lot Size

10

Year Built

1986

Town/City

Lakemont

County/Region

Rabun

MLS | Web ID

10387152
Features
General
Sewer Septic Tank
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Individual Meters
HOA Fee 0
Association Fee Includes None
Construction Materials Block Brick Vinyl Siding Wood Siding
Year Built 1986
Levels Two
Property Subtype Multi Family Duplex Quadruplex Triplex
Tax Year 2023
Gross Income 1205000
Community Features None
County Rabun
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Energy Efficient Appliances
MaintenanceExpense 0
Subdivision Name None
Garage Y/N N
Status Active
Directions PLEASE USE GPS
High School Rabun County
City Lakemont
Body of Water None
Senior Community Y/N N
Number Of Units Total 10
Lot Size Units Acres
Lot Size Square Feet 435600
Carport Y/N N
Green Building Verification Type ENERGY STAR Certified Homes
Elementary School Rabun County Primary/Elementar
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1449
Electric Expense 0
Home Warranty Y/N N
Fuel Expense 0
Middle/Junior High School Rabun County
Property Condition Resale
Structure Type Duplex Multi Family Quadruplex Triplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement Bath Finished Daylight Exterior Entry Finished Full
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Parking Pad
Water Source Public
Total Parking 0
Lot Size Area 10
Spa N
Lot Size Acres 10
Lot Size Source Owner
Waterfront Y/N N
Horse Y/N N
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* Excluded Features
List By
Virtual Properties Realty.Com

Broker

sfirozrealestate@gmail.com

Email

Affordability Calculator

$10,103
Per Month
99%
1%
0%
Monthly Principal & Interest
$9,982
Monthly Property Taxes
$121
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4134776 Elementary School
4134554 Middle School
Rabun County High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2024$1,600,000 Listed Price

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240 Varnes Lane, Lakemont, GA, 30552 is a Multi-Family Home for sale at $1,600,000 with a lot size of 10. 240 Varnes Lane is a studio with 0.0 baths and was built in 1986. The property's zip code is 30552 which is in Lakemont, GA

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