Under Construction

Waters Edge

Sandy Springs, GA
208
Units
Vintage:
1972
N/A
Type:
Affordable

Investment Overview

Project Overview

Waters Edge was acquired on April 22nd, 2022. The property consists of 208 units, was constructed in 1972, and is well located in an upper middle-class suburb approximately 20 minutes north of downtown Atlanta. The seller spent significant capital ($4.7MM) over the past couple of years in a full amenity renovation along with interior upgrade finishes to 153 units, greatly reducing capital needs going forward.

The 208-unit Waters Edge apartment community located in Sandy Springs, Fulton County, GA consists of a variety of floor plans ranging from one-, two-, and three- bedroom units. The property has undergone major renovations including a full amenity and interior upgrade, including a newly renovated clubhouse, an updated fitness center with new equipment, an enhanced sundeck area with new pool furniture and a new amenity park, exterior LED light conversion, and upgraded dog park.

This asset is situated in one of Atlanta's largest office markets with over 5.9Msquare foot of office space within a 3-mile radius. The amenity-rich suburban micro location is highlighted by its proximity to the high-end retail shops, restaurants, and entertainment attractions in the Atlanta suburbs. Residents benefit from a 4-mile drive to Canton Street in Downtown Roswell with both historic restaurants and boutique shopping.

Property Highlights

Amenities:

  • Dog Wash Station
  • Valet Trash
  • Playground
  • Brand New Fitness Center
  • Pool with Outdoor Grilling Area
  • Washer/Dryer Connections
Property Website
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