17 Grove Park Place NW, Atlanta, GA 30318
- $1,400,000
- 3
- BD
- 5
- BA
- 12,000
- SqFt
- List Price
- $1,400,000
- MLS#
- 10722343
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Mixed Use
- Bedrooms
- 3
- Bathrooms
- 5
- Square Footage
- 12,000
- Square Footage Source
- Public Records
- Lot Size
- 1.67
- Subdivision
- NONE
Property Description
Joint Venture Development Opportunity - The Grove Collection Atlanta We are seeking an experienced joint venture development partner for The Grove Collection Atlanta, an exclusive luxury townhome community. Project Overview * 16 luxury townhomes * Three-story residences * Approximately 1,800 square feet per home * Parcel consolidation into one development site * Land is owned free and clear (no debt) Financial Highlights * Land basis: $100,000 per unit * Estimated construction cost: $300,000 per unit * Total development cost: Approximately $400,000 per residence (excluding financing, soft costs, and contingencies) * Target sales price: $750,000 per residence * Projected sellout value (ARV): Approximately $12,000,000 We are looking for a strategic joint venture partner with experience in luxury residential development who can provide development expertise, construction management, capital, or a combination of these resources to bring this project to completion.
Additional Information
- Style
- Brick 4 Side
- Stories
- 1 Story
- Year Built
- 1951
- Parking
- None
- Sewer
- Public Sewer
- Elementary School
- West Manor
- High School
- South Atlanta
- Acres
- 1.67
- Levels
- One
Listing courtesy of Trelora Realty, Inc..
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