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.
- Dog Wash Station
- Valet Trash
- Brand New Fitness Center
- Pool with Outdoor Grilling Area
- Washer/Dryer Connections