$1,600,000

240 Varnes Ln Lakemont, GA 30552

Estimated payment $8,529/month

Total Views 9,180
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 10 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • ENERGY STAR Certified Homes
  • Energy-Efficient Appliances
  • Ceiling Fan

About This Home

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.

Listing Agent

Syed Firoz

Virtual Properties Realty.com License #419636 Listed on: 10/01/2024

Virtual Properties Realty.com

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,449

Year Built

  • Built in 1986

Lot Details

  • 10 Acre Lot

Parking

  • Parking Pad

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Siding
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Finished Basement Bathroom
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient Appliances
  • ENERGY STAR Certified Homes

Schools

  • Rabun County Primary/Elementar Elementary School
  • Rabun County Middle School
  • Rabun County High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Gross Income $1,205,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,449

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1986
  • GreenEnergyEfficient: Appliances
  • Levels: Two
  • Lot Size Acres: 10.00
  • Structure Type: Duplex, Multi Family (5+ Units), Quadruplex, Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Bath Finished, Daylight, Exterior Entry, Finished, Full

Exterior Features

  • Construction Materials: Block, Brick, Vinyl Siding, Wood Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Electricity Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Rabun County Primary/Elementar
  • High School: Rabun County
  • High School Bus: Yes
  • Middle School: Rabun County
  • Middle School Bus: Yes

Green Features

  • Green Building Verification Type: ENERGY STAR Certified Homes

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1449

Multi Family

  • GrossIncome: 1205000
  • NumberOfUnitsTotal: 10

MLS Schools

  • Elementary Bus Line: Yes

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,034 $126,726 $28,000 $98,726
2024 $1,052 $65,568 $13,440 $52,128
2023 $1,504 $82,152 $21,432 $60,720
2022 $1,459 $79,740 $21,432 $58,308
2021 $3,398 $194,570 $21,432 $173,138
2020 $3,087 $172,488 $21,432 $151,056
2019 $3,314 $182,996 $27,720 $155,276
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 For Sale $1,600,000 -- --
Source: Georgia MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $1,000 --
Warranty Deed $1,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $1,000 --
Warranty Deed $1,000 --
Source: Public Records

Source: Georgia MLS

MLS Number: 10387152

Georgia MLS

APN: 046B-005

Georgia Rabun County Lakemont 30552

240 Varnes Ln, Lakemont, GA

For Sale

MultiFamily

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Georgia MLS The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

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Syed Firoz
Listing Agent
Syed Firoz
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Virtual Properties Realty.com
(706) 710-4932