375 Winding River Dr - Apartments FOR SALE


Atlanta, GA 30350- Sandy Springs
$2,850,000 USD
470-983-9993
375 Winding River Dr, Atlanta, GA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

375 Winding River Dr
Atlanta, GA 30350
Sandy Springs


HIGHLIGHTS

  • This exceptional multifamily investment provides 12 three-bedroom apartments that offer steady cash flow and long-term appreciation.
  • Situated in the Sandy Springs community, the property sits near quality urban amenities, picturesque golf courses, and busy commuter highways.
  • Within 5 miles, there is a population of more than 196k, and with 40% renting their homes, household segment spending surpassed $553m during 2024.
  • This rare opportunity provides a stabilized asset within a high demand submarket, with the upside to increase rents as units turn.

OVERVIEW

375 Winding River Drive provides a lucrative multifamily investment within the vibrant community of Sandy Springs, Georgia. This stabilized asset presents investors with an opportunity for reliable rent and the option to increase rents as units turn. The owner has recently increased rents from $1,950/month to $2,400/month on turned units, demonstrating clear upside potential as leases renew. 375 Winding River Drive features a standalone building comprised of 12 spacious units, each offering 3 bedrooms and 2 bathrooms, across a total of 18,816 square feet. Whether seeking steady cash flow or long-term appreciation, this property is well-positioned to deliver. Also, as part of a professionally managed condominium development, it offers added stability and ease of ownership. Situated in Sandy Springs, 375 Winding River Drive benefits from proximity to major streets and highways. The property has immediate access to Highway 9, with convenient connections to Highway 19, Highway 140, and Interstate 285. Additionally, it benefits from strong demographics and a growing need for quality housing. Within 5 miles, the robust population of more than 196,000 wields an average household income of more than $143,000. With over 40% of locals currently renting their homes, household segment spending exceeded $553 million during 2024. Sandy Springs is known for its robust rental market, driven by its dynamic mix of urban amenities, suburban appeal, and employment opportunities. Tenants at the property can enjoy convenient access to numerous national retail locations, and golf enthusiasts will find themselves nestled between top-rated courses, including Cherokee Creek and Dunwoody Country Clubs, and the Steel Canyon Golf Club. Downtown Atlanta is also reachable in less than 30 minutes, providing access to world-class shopping, dining, and entertainment opportunities.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

12

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

375 Winding River Dr Units A-L

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,394 SF

ZONING

ACOND

APN/PARCEL ID

06-0367-0004-186-7,06-0367-0004-187-5,06-0367-0004-188-3,06-0367-0004-189-1,06-0367-0004-190-9,06-0367-0004-191-7,06-0367-0004-192-5,06-0367-0004-193-3,06-0367-0004-194-1,06-0367-0004-195-8,06-0367-0004-196-6,06-0367-0004-197-4

ASK ABOUT THIS PROPERTY

Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

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Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.