Peachtree Property Ventures Acquires Multifamily Asset From The Walden Group For $11.55M
124 2nd Street
$11,550,000
$120/SF
Building Size
95,973 SF
Asset Type
MultiFamily
Closing
Aug 6, 2025
AI
This multifamily asset is located at 124 2nd Street in Winder, GA. The transaction involved a sale price of $11,550,000 for a total of 70 units. The property encompasses a square footage of 95,973, translating to a price per unit of $165,000 and a price per square foot of $120.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,550,000
- Buyer: Peachtree Property Ventures
- Seller: The Walden Group
- Units: 70
- Square Footage: 95,973
- Price Per Unit: $165,000
- Price Per Square Foot: $120
- Date of Transaction: 8/7/2025
- Brokers: David Wildes & Aaron Jungreis - Rosewood Realty Group
The transaction was facilitated by brokers David Wildes and Aaron Jungreis, who are with Rosewood Realty Group. Their roles were essential in bringing together Peachtree Property Ventures as the buyer and The Walden Group as the seller in this multifamily property deal.
Players
Winder MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93