602 W Lake AVE W new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30318
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,675 sqft
Price per Sqft $149
Subdivision Grove Park
MLS Listing ID 7564294
Style Bungalow,Cottage,Ranch
Bedrooms 2
Full Baths 2
Year Built 1930
Annual Tax Amount $1,230
Tax Year 2024
Lot Size 0.309 Acres
Property Sub-Type Single Family Residence
Property Description
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!
Location
State GA
County Fulton
Rooms
Other Rooms None
Dining Room Separate Dining Room
Interior
Heating Natural Gas
Cooling Central Air
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Double Sided
Laundry In Hall
Exterior
Exterior Feature Other
Parking Features Parking Pad
Fence Front Yard
Pool None
Community Features Public Transportation,Sidewalks,Street Lights
Utilities Available Electricity Available,Natural Gas Available
Waterfront Description None
View Other
Roof Type Composition
Building
Lot Description Front Yard,Level,Open Lot,Rectangular Lot
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Brick 4 Sides
New Construction No
Schools
Elementary Schools Woodson Park Academy
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Special Listing Condition None