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 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.
Address
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Address: 240 Varnes Lane, Lakemont, Georgia 30552
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City: Lakemont
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State/county: GA
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Zip/Postal Code: 30552
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Area: NA
Details
Updated on May 8, 2026 at 10:12 pm-
Property ID 7464136
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Price $1,500,000
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Land Area 10 m²
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Year Built 1986
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Property Type Other, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms 1031 Exchange, Cash, Conventional
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Roof Metal
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Utilities Electricity Available, Natural Gas Available
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Sewer Septic Tank
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Cooling Ceiling Fan(s), Central Air
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Heating Central
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Flooring Carpet
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County Rabun - GA
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Property Type Residential Income
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Parking Level Driveway
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Elementary School Rabun County
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Middle School Rabun County
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High School Rabun County
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Community Features None
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Waterfront None
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- Jason Tatum