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Renee Koenig

renee.koenig@evatlanta.com +1(912) 695-1240

$ 249,900

Est. payment -/mo

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602 W Lake AVE W Atlanta, GA 30318

2 Beds

2 Baths

1,675 SqFt

UPDATED:

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

Construction Status Fixer

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1930

Annual Tax Amount $1,230

Tax Year 2024

Lot Size 0.309 Acres

Acres 0.309

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

Lake Name None

Rooms

Bedroom Description Master on Main,Split Bedroom Plan

Other Rooms None

Basement None

Main Level Bedrooms 2

Dining Room Separate Dining Room

Interior

Interior Features High Ceilings 9 ft Lower

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Double Sided

Window Features Wood Frames

Appliance Dishwasher, Microwave, Refrigerator

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

Street Surface Asphalt

Accessibility None

Handicap Access None

Porch Enclosed, Front Porch

Private Pool false

Building

Lot Description Front Yard, Level, Open Lot, Rectangular Lot

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage, Ranch

Level or Stories One

Structure Type Brick,Brick 4 Sides

New Construction No

Construction Status Fixer

Schools

Elementary Schools Woodson Park Academy

Middle Schools John Lewis Invictus Academy/Harper-Archer

High Schools Frederick Douglass

Others

Senior Community no

Restrictions false

Tax ID 14 014500050143

Ownership Other

Financing no

Special Listing Condition None

Listed by Indigo Road Realty, LLC

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Renee Koenig

Real Estate Advisor | License ID: 382637

+1(912) 695-1240

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Homes For Sale in Atlanta, GA

Renee Koenig

602 W Lake AVE W Atlanta, GA 30318

Key Details

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Rooms

Interior

Exterior

Building

Schools

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