602 W Lake AVE NW 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 New
Purchase Type For Sale
Square Footage 1,674 sqft
Price per Sqft $179
Subdivision Grove Park
MLS Listing ID 10490220
Style Brick 4 Side,Bungalow/Cottage
Bedrooms 2
Full Baths 2
Year Built 1930
Annual Tax Amount $1,229
Tax Year 22
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
Dining Room Separate Room
Interior
Heating Natural Gas
Cooling Central Air
Flooring Hardwood,Laminate
Fireplaces Number 1
Fireplaces Type Family Room
Laundry In Kitchen
Exterior
Parking Features Parking Pad
Community Features None
Utilities Available Other
View Y/N No
Roof Type Composition,Slate
Building
Lot Description Corner Lot,Open Lot
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Woodson
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition Resale