240 Varnes Lane, Lakemont, GA 30552

$1,500,000

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List Price
$1,500,000
Price Change
▼ $100,000 1770715826
MLS#
10387152
Type
Multifamily
City
Lakemont
County
Rabun
Year Built
1986

Property 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.

Additional Information

Elementary School
Rabun
High School
Rabun
Parking
Parking Pad
Basement Type
Bath Finished, Daylight, Exterior Entry, Finished, Full
Stories
2 Stories
Fees Include
None
Tax Year
2023

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Listing courtesy of Virtual Properties Realty.com.

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