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$1,328,500

Beds
7
Baths
6.5
sq ft
Unknown

1882 Francis Ave NW, Atlanta, GA 30318

1882 Francis Ave NW

Atlanta, GA 30318

  • 38 days on market
Prime investment opportunity at 1882 Francis NW—a newly constructed multifamily in Atlanta’s thriving Westside. This property features three spacious units: Unit 1 with 4 bedrooms and 2.5 bathrooms, Unit 2 with 1 bedroom and 1 bathroom, and Unit 3 with 2 bedrooms and 2 bathrooms, totaling 7 bedrooms and 6.5 bathrooms across the building. Each unit offers modern finishes, open floor plans, and premium fixtures, designed for both comfort and functionality. Located minutes from Midtown, this Westside property is near the vibrant Howell Mill Road corridor with quick access to shops, dining, and entertainment. Residents are close to The Works and Westside Reservoir Park, and a short drive to the BeltLine, connecting them to Atlanta’s top destinations. Ideal for investors or owner-occupants, this triplex provides a unique chance to own a versatile property in one of Atlanta’s most dynamic neighborhoods. Don’t miss out—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$409,120

Property condition

New Construction

Lot size

0.23 acres

Price per sq ft

Unknown

Year built

2024

HOA

No

Price History

11/13/2024
FMLS

FMLS #7485691

Listed
$1,328,500
+315.16%
03/25/2022
GeorgiaMLS

GeorgiaMLS #20015448

Sold
$320,000
+492.59%
08/04/2008
FMLS

FMLS #3748112

Sold
$54,000

Schools & Community

Neighborhood: 

Hills Park

Elementary school: 

Bolton Academy

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

Community features: 

Park, Restaurant

Negotiation Insights

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

Seller could get up to

$962,546
Asking price
$1,328,500
Closing costs (~8% of asking)
-$106,280
Est. remaining loan balance
-$259,674
Cash to seller
$962,546

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Tvc Funding I

Loan start date

August 2023

Original loan amount

$745,528

Est. remaining balance

$259,674

Interest rate

6.71%

Loan type

New Conventional, 2 year

Seller

Mittlelam Llc

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?

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Status: Active

Tomo last checked: 12/22/2024 at 10:00 AM

Listing updated: 12/08/2024 at 3:10 PM

Listed by: Joanne Cobain, EXP Realty, LLC. Phone #: (888) 959-9461

MLS: FMLS #7485691

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