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$2,850,000

Beds
Unknown
sq ft
Unknown

375 Winding River Dr, Atlanta, GA 30350

375 Winding River Dr

Atlanta, GA 30350

  • 4 days on market
375 Winding River, located in 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 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.

Details

Property type

Est. home value

$255,698

Property condition

Updated/Remodeled

Lot size

0.45 acres

Price per sq ft

Unknown

Year built

1970

Annual property taxes

$24,082

HOA

No

Price History

03/27/2025
FMLS

FMLS #7549344

Listed
$2,850,000
-13.64%
06/03/2024
FMLS

FMLS #7325017

Removed
$3,300,000
01/09/2024
FMLS

FMLS #7325017

Listed
$3,300,000

Schools & Community

Elementary school: 

Dunwoody Springs

Middle school: 

Sandy Springs

High school: 

North Springs

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Firstcity Bk

Loan start date

December 2008

Original loan amount

$0

Est. remaining balance

$0

Interest rate

6.04%

Loan type

Not Provided, 1 year

Seller

Bobby C Downs

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 9:10 AM

Listing updated: 03/29/2025 at 6:35 AM

Listed by: Stephan Dickie, Atlanta Leasing & Investment Phone #: (404) 348-4448

MLS: FMLS #7549344

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