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(706) 879-1813
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List Price $450,000
Units 2
Price / Unit $225,000

High-demand multifamily opportunity in Lakemont, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

230 Varnes Lane Lakemont, GA 30552
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
TOTALLY RENOVATED AND UPGRADED DUPLEX - NEW METAL ROOFING, NEW FLOORING, NEW DECK, NEW UPGRADED KITCHENS, NEW PAINT IN, NEW GRANITE AND MUCH MORE, GREAT OPPORTUNITY FOR OWNER OCCUPIED OR INVESTOR. FANTASTIC INVESTMENT OPPORTUNITY IN BEAUTIFUL LAKEMONT! CONVENIENTLY LOCATED JUST OFF OF HIGHWAY 441 AND JUST MINUTES FROM LAKE RABUN. THIS PROPERTY WILL PAY FOR ITSELF!. THE PROPERTY IS CURRENTLY ZONED R3 AND THERE IS PLENTY OF ROOM FOR MORE DEVELOPMENT. *** DUPLEX A PAYS $1200 PER MONTH, DUPLEX B PAYS $1200 PER MONTH, TOTAL RENT $2400 MONTH, MARKET RATE IS $1600 AND POTENTIAL TO INCREASE THE RENT. BOTH UNITS HAVE OPEN FLOOR PLAN WITH KITCHEN OPEN TO LIVING SPACE AND DINING ROOM AND LAUNDRY. MASTER LIVING AREA AND BATH WITH GUEST BEDROOM AND BATH UP FRONT. BOTH UNITS HAVE ELECTRIC INTERIOR HEAT AND AIR UNITS *** BOTH SIDES ARE CURRENTLY TENANT OCCUPIED. OWNER PREFERS SHOWINGS TO OCCUR WITH AN ACCEPTABLE OFFER.
Investment Context for Lakemont Multifamily:
  • Located in the Lakemont, GA area with access to regional employment centers
  • Typical value-add potential through professional management and improvements
  • Multifamily rental demand varies by submarket — local verification recommended
  • Cash flow performance depends on occupancy, expenses, and market conditions
PROFESSIONAL INVESTMENT ANALYSIS

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $225,000 ✓ Verified
Est. Cap Rate — 📊 Cap Rate Modeled
Est. Gross Income — 📊 Gross Modeled
Est. NOI — ⚡ Estimated
Est. Year 1 Cash Flow — after estimated debt service 📊 Cash Flow Modeled
✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling
CASH FLOW PROJECTION TOOL

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Year 1 NOI $0
Year 1 Cash Flow $0
Year 1 Cash-on-Cash 0%
Est. Year 5 Property Value $0
Total 5-Year Cash Flow $0
* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.
SIMILAR INVESTMENT OPPORTUNITIES

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IMPORTANT INVESTMENT DISCLAIMER
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7459293 • Listing courtesy of Virtual Properties Realty.com, Syed Firoz • 470-269-0420

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com
FMLS • Updated Daily • Investor Analyzed
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