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Description Open House Details Location Market Trends Schools Recent Sales
$249,900 Est. $920 / mo.*

602 W Lake Avenue W Atlanta , GA 30318

Courtesy of Asli Ahmed, Indigo Road Realty, LLC

Description

2 Beds
2 Baths
1,675 Sqft
13,460 Sqft lot
0.31 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1930
Neighborhood: Grove Park
Days on Website: 3
Fixer-Upper with Major Investment Potential in Grove Park - Build, Rent, Profit! Investor Special! This 2 bed, 2 bath, 1,675 sqft home in Atlanta's fast-growing Grove Park neighborhood is your chance to renovate, rent, and expand. Sitting on a spacious 1/3-acre lot, this property offers multiple streams of income potential-renovate the existing structure, capitalize on Housing Voucher approval for steady rental income, and explore the opportunity to add an ADU or even a second property on the lot. The existing home features original charm with wood accents and a roomy front and backyard, making it a great canvas for investors ready to upgrade and unlock value. This fixer-upper has great bones and is ready for a value-boosting renovation. The lot is large enough to support ADU or duplex development. It is already Housing Voucher approved, offering guaranteed income from day one. You can take advantage of 100% conventional financing and a potential $10,000 grant. The location is ideal with a MARTA bus stop at the door and just minutes from Bankhead Station, the Beltline, Westside Park, and more. It's also close to the new KIPP Woodson Park Academy, making it a great option for families and long-term tenants. Grove Park is undergoing major revitalization-don't miss this opportunity to create a multi-unit income-producing property in one of Atlanta's hottest neighborhoods. Whether you're an experienced investor or looking for your first value-add project, this is the perfect chance to build equity and long-term cash flow. Schedule your tour today and bring your vision!

Open House

Property Details and Features

Property Access
Road Frontage Type:
"City Street"
Road Surface Type:
"Asphalt"
Appliances & Equipment
Appliances:
"Dishwasher", "Microwave", "Refrigerator"
Other Equipment:
"None"
Basement
Basement:
"None"
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Contact an Agent

Ted Morris

470 440-0664

Location

$249,900 -
602 W Lake Avenue W Atlanta , GA 30318
City: Atlanta

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 25, 2025 1:18PM.

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