0.45 Acres Lot
0.45 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Winding River Village Condominium Comple
MLS Listing ID 7549344
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1970
Annual Tax Amount $24,082
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
This stabilized asset presents investors with an opportunity for reliable rent and the option to increase rents as units turn. The property features a standalone building comprised of 12 spacious units, each offering 3 bedrooms and 2 bathrooms. Located in the high-demand Sandy Springs market, this asset benefits from strong demographics and a growing need for quality housing. Whether your strategy is 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.
Rental Upside Opportunity
Recently renovated units have achieved rents of approximately $2,400 per month, up from previous rents near $1,950 per month. Comparable renovated units in the surrounding area have achieved rents exceeding $2,500 per month, demonstrating clear upside as units turn.
Additional Value Indicator
A 2025 third-party appraisal valued the units at approximately $253,000 per unit, suggesting a potential aggregate value exceeding $3MM if sold individually.
Large 3 Bedroom Floorplans
12 spacious units consisting entirely of 3 bedroom, 2 bathroom layouts totaling approximately 18,816 square feet. Large unit sizes appeal to families and long-term tenants in the Sandy Springs submarket.
Individually Deeded Condominium Units
Each unit has its own tax parcel, providing potential exit flexibility through individual unit sales. The property is part of the Winding River Village condominium community.
HOA Maintained Exterior
The association is responsible for exterior maintenance including the roof, siding, landscaping, parking areas, and common areas, creating a simplified operational structure for ownership.
Don't hesitate to reach out if you have additional questions or need further details.
Location
State GA
County Fulton
Area Winding River Village Condominium Comple
Lake Name Other
Interior
Heating Central
Cooling Ceiling Fan(s)
Flooring Other
Window Features Bay Window(s)
Exterior
Parking Features Attached
Fence Back Yard
Community Features None
Utilities Available Other
Waterfront Description None
View Y/N Yes
View Other
Roof Type Shingle
Accessibility Accessible Approach with Ramp
Handicap Access Accessible Approach with Ramp
Private Pool false
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Construction Status Updated/Remodeled
Schools
Elementary Schools Dunwoody Springs
Middle Schools Sandy Springs
High Schools North Springs
Others
Senior Community no
Tax ID 06 036700041909
Virtual Tour https://www.atlantaleasing.com/375windingriver/
Nearby Locations