GA > Atlanta > Grove Park
Atlanta, GA 30318,602 W Lake AVE W
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Gia Felder

Gia Felder

+1(770) 913-7078
$299,900
Est. payment /mo
0.31 Acres Lot
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UPDATED:

03/15/2025 07:06 AM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Grove Park

MLS Listing ID 7538492

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1930

Annual Tax Amount $1,230

Tax Year 2022

Lot Size 0.309 Acres

Acres 0.309

Property Sub-Type Other

Property Description

Investor Alert! Duplex & ADU Development Opportunity in Grove Park - Housing Voucher Approved. Seize this prime investment opportunity in the heart of Atlanta. This housing voucher-approved property at 602 West Lake Ave has been recently rezoned for duplex development with an accessory dwelling unit (ADU), making it an ideal asset for investors seeking long-term rental income and high ROI. Sitting on 1/3 acre, this property offers multiple income streams-renovate and rent immediately or develop a brand-new duplex plus an ADU for maximum cash flow. The existing home is well-maintained with wooden accents, a spacious front and backyard, a new HVAC system, and a solid roof, providing a strong foundation for any investment strategy. Key Investor Benefits: Housing Voucher Approved - Secure consistent rental income with government-backed tenants. 100% Conventional Financing & $10,000 Grant Available. Prime Location - MARTA bus stop at your doorstep & Bankhead Station within walking distance. Proximity to Major Attractions - Minutes from the Atlanta Beltline, Westside Park, Proctor Greenway, and Maddox Park. High Rental Demand - Steps from the brand-new KIPP Woodson Park Academy (K-8), attracting families and long-term tenants. Whether you're looking to fix and rent, develop a high-income duplex & ADU, or capitalize on Atlanta's booming rental market, this property delivers incredible potential. Grove Park is rapidly appreciating-don't miss this turnkey or value-add opportunity. Schedule a viewing today and start building your real estate portfolio in one of Atlanta's hottest growth areas.

Location

State GA

County Fulton

Lake Name None

Interior

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Window Features Wood Frames

Exterior

Parking Features Paved

Fence Front Yard

Community Features None

Utilities Available Other

Waterfront Description None

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Other

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

New Construction No

Construction Status Resale

Schools

Elementary Schools Woodson Park Academy

Middle Schools John Lewis Invictus Academy/Harper-Archer

High Schools Frederick Douglass

Others

Senior Community no

Acceptable Financing Assumable Vendor Lien, Cash, Conventional, FHA, FHA 203(k)

Listing Terms Assumable Vendor Lien, Cash, Conventional, FHA, FHA 203(k)

Special Listing Condition None

Read Less Info
First Multiple Listing Service(FMLS)
Listed by Indigo Road Realty, LLC

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agent

Gia Felder

+1(770) 913-7078

Broker Associate | License ID: 383783

Broker Associate License ID: 383783

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