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Entire Building Units A-L 375 Winding River Dr 12 Unit Apartment Building $2,500,000 ($208,333/Unit) Atlanta, GA 30350
Investment Highlights
- This exceptional multifamily investment provides 12 three-bedroom apartments that offer steady cash flow and long-term appreciation.
- Within 5 miles, there is a population of more than 196k, and with 40% renting their homes, household segment spending surpassed $553m during 2024.
- 2025 third-party appraisal valued the units at approximately $253,000 per unit, indicating a potential aggregate value exceeding $3MM if sold indivi
- This rare opportunity provides a stabilized asset within a high demand submarket, with the upside to increase rents as units turn.
Executive Summary
375 Winding River Drive presents an opportunity to acquire a 12-unit multifamily asset located in Sandy Springs, Georgia, one of Metro Atlanta’s most desirable rental submarkets. The property consists of 12 spacious three-bedroom, two-bathroom units totaling approximately 18,816 square feet within the Winding River Village condominium community.
The property is located in Sandy Springs, one of Metro Atlanta’s most desirable residential submarkets, known for strong household incomes and consistent rental demand. 375 Winding River Drive offers convenient access to Highway 9 with quick connections to GA-19, GA-140, and Interstate 285, providing easy access throughout the Atlanta metropolitan area. Within a five-mile radius, the surrounding area supports a population exceeding 196,000 residents with an average household income of more than $143,000. Sandy Springs is home to several major employers and corporate headquarters, including Mercedes-Benz USA, UPS, and Newell Brands, contributing to the area’s strong employment base and sustained demand for quality rental housing.
Each unit is individually deeded with its own tax parcel, offering investors potential long-term exit flexibility through individual unit sales and the possibility of condominium arbitrage.
The asset offers stable in-place income with clear potential to increase rents as units turn. Recently renovated units have achieved rents of $2,400 per month, up from approximately $1,950 per month, while comparable renovated units in the surrounding market have achieved rents exceeding $2,500 per month. Two units are currently vacant. One unit has recently been renovated and is ready for lease-up, while the second offers a value-add opportunity requiring renovation. The seller is willing to provide a discount so the buyer can complete the improvements and capture higher rental income.
A 2025 third-party appraisal valued the units at approximately $253,000 per unit, indicating a potential aggregate value exceeding $3MM if sold individually.
Asking Price: $2,500,000
Price Per Unit: $208,333
The property is located in Sandy Springs, one of Metro Atlanta’s most desirable residential submarkets, known for strong household incomes and consistent rental demand. 375 Winding River Drive offers convenient access to Highway 9 with quick connections to GA-19, GA-140, and Interstate 285, providing easy access throughout the Atlanta metropolitan area. Within a five-mile radius, the surrounding area supports a population exceeding 196,000 residents with an average household income of more than $143,000. Sandy Springs is home to several major employers and corporate headquarters, including Mercedes-Benz USA, UPS, and Newell Brands, contributing to the area’s strong employment base and sustained demand for quality rental housing.
Each unit is individually deeded with its own tax parcel, offering investors potential long-term exit flexibility through individual unit sales and the possibility of condominium arbitrage.
The asset offers stable in-place income with clear potential to increase rents as units turn. Recently renovated units have achieved rents of $2,400 per month, up from approximately $1,950 per month, while comparable renovated units in the surrounding market have achieved rents exceeding $2,500 per month. Two units are currently vacant. One unit has recently been renovated and is ready for lease-up, while the second offers a value-add opportunity requiring renovation. The seller is willing to provide a discount so the buyer can complete the improvements and capture higher rental income.
A 2025 third-party appraisal valued the units at approximately $253,000 per unit, indicating a potential aggregate value exceeding $3MM if sold individually.
Asking Price: $2,500,000
Price Per Unit: $208,333
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per Unit | $208,333 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 18,816 SF |
| No. Units | 12 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Townhome | Parking Ratio | 1.91/1,000 SF |
| Zoning | ACOND | ||
| Price | $2,500,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 18,816 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | ACOND |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Range
- Carpet
- Breakfast Nook
- Dining Room
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | 1,576 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $533,760 | |
| Land Assessment | $154,160 | Total Assessment | $687,920 |
Property Taxes
Parcel Numbers
Land Assessment
$154,160
Improvements Assessment
$533,760
Total Assessment
$687,920
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Entire Building Units A-L | 375 Winding River Dr
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