420 Griffin St NW Atlanta, GA 30318
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About this home
Welcome to 420 Griffin Street NW, a rare triplex in one of Atlanta’s fastest-growing corridors. Just 4 minutes from Mercedes-Benz Stadium and moments from Downtown, Georgia Tech, the BeltLine, and the new Centennial Yards development. Each of the three units features 2 bedrooms, 1 full bath, hardwood floors throughout, and a spacious living room with a dedicated kitchen area. The custom-tiled bathrooms and front and back entryways add convenience and charm for residents. The layout includes one lower-level unit and two upper-level units, offering flexibility whether you’re looking to live in one and rent out the others or generate strong rental income across all three. This property does need some TLC, but the potential is undeniable. Positioned in an area seeing rapid revitalization ahead of the 2026 World Cup, Centennial Yards expansion, and continued Westside redevelopment projects. As surrounding values climb, this is your opportunity to lock in an investment in the heart of the action. Located within walking distance to the MARTA Vine City Station, quick access to I-20 and I-75/85, near a community of colleges, including GA State University, Morehouse, Spelman, Clark Atlanta University and more. Sold as-is, this triplex is perfect for savvy investors, developers, or owner-occupants seeking to build equity in one of Atlanta’s hottest neighborhoods. Units previously rented for $1,750.00 each with room for increase. Parking available on street.
Source: FMLS #7669047
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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