6701 Winterbrook Ct, Atlanta, GA 30360
MULTIFAMILY For SaleYear Built: 1974
Floors: 3
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| Spaulding Hills | SALE | Contact for pricing |
Chandler Brown - Global Real Estate Advisors GREA
PHONE: 7705941915
Taylor Brown - Global Real Estate Advisors GREA
PHONE: 7705941915
Cory Caroline Sams - Global Real Estate Advisors GREA
PHONE: 6788942220
PHONE: 4044026500
Mack Leath - Global Real Estate Advisors GREA
PHONE: 4049095171
Prime Gwinnett County Location Inside North Atlanta's Coveted Martini Glass: Located in highly desirable Peachtree Corners, this prime multifamily property sits in a high-growth corridor with a $68,000 median household income and $426,000 median home value inside a 3-mile radius. Surrounded by top credit retailers like Publix, Chick-fil-A, Target, and Starbucks, it offers excellent schools, low crime, and strong governance which make Spaulding Hills ideal for investors seeking stability and growth. Turnkey 1985-Built Asset: Built in 1985, Spaulding Hills features desirable two-story garden and townhome-style construction with an appealing unit mix and spacious floorplans averaging 1,062 square feet. The property is in turnkey condition and well-positioned for new ownership to continue a value-add strategy in Atlanta’s growing northeast corridor. Attractive Asset Featuring Desirable Construction Elements: This 98-unit multifamily property in Gwinnett County combines durability, efficiency, and tenant appeal. Key structural features include pitched roofs replaced in 2014, vinyl siding, concrete slab foundations, and covered exterior breezeways, all designed for long-term low-maintenance performance. The community offers all-electric utilities and spacious 1,062 SF floorplans, with 60% of units in desirable townhome layouts and washer/dryer connections in 85% of residences. A complete amenity package further enhances its appeal, delivering exceptional value for a property of this size. Strong In-Place Cash Flow Supports High LTV Agency Financing: Strong in-place cash flow supports 70%+ LTV agency financing with positive leverage. The property consistently maintains high occupancy and minimal bad debt (averaging less than 1% over the past year) with current accounts receivable totaling under $4,000. 2.6% Annual Rent Growth Projected by Costar: CoStar projects 2.6% organic rent growth in 2026 for Peachtree Corners and Gwinnett County. Combined with the continuation of the seller's interior renovation program, a new buyer can drive revenue considerably. Value-Add Strategy Through Expense Reduction: Ownership has renovated 78% of the units. The property is equipped with older toilets, presenting an opportunity for a new owner to replace them and reduce water expenses by an estimated 20%. Management also recommends installing pressure release valves to further enhance water conservation.