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
Originating Board First Multiple Listing Service
Year Built 1970
Annual Tax Amount $24,082
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Other
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.
Rent Increase: The owner has recently increased rents from $1,950/month to $2,400/month on turned units, demonstrating clear upside potential as leases renew.
Prime Location: Situated in Sandy Springs, the property benefits from proximity to major streets and highways.
Condominium: This standalone building comprises 12 spacious units, each featuring 3 bedrooms and 2 bathrooms.
Strong Market Demand: Sandy Springs is known for its robust rental market, driven by its dynamic mix of urban amenities, suburban appeal, and employment opportunities.
To receive financials, video tours, and additional property details, please confirm whether you are a direct buyer or a representative. We'll then provide the appropriate Confidentiality Agreement (CA).In the meantime, I've attached the offering memorandum for your review.
Don't hesitate to reach out if you have additional questions or need further details.
Location
State GA
County Fulton
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 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
New Construction No
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
Special Listing Condition None
Virtual Tour https://www.atlantaleasing.com/375windingriver/
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