Residential

  • $249,900
602 W Lake Avenue NW, Atlanta GA 30318

Overview

Property ID: 10505221
  • Single Family Residence
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 1675
  • Square Feet
  • 1930
  • Year Built

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!

  • Address Lake
  • City Atlanta
  • State/county Fulton
  • Zip/Postal Code 30318
  • Area BuildingAreaTotal 1675, Grove Park

Details

Updated on May 6, 2025 at 7:23 am
  • Property ID: 10505221
  • Price: $249,900
  • Property Size: 1675 Square Feet
  • Land Area: 0.309 Square Feet
  • Bedrooms: 2
  • Bathrooms: 2
  • Year Built: 1930
  • Property Type: Single Family Residence
  • Property Status: Residential

Additional details

  • StreetDirPrefix: W
  • OnMarketDate: 2025-04-22
  • LaundryFeatures: In Hall
  • MajorChangeTimestamp: 2025-05-06T05:06:11.000Z
  • Flooring: Hardwood
  • PhotosCount: 18
  • FireplacesTotal: 1
  • Cooling: Central Air
  • StatusChangeTimestamp: 2025-05-06T05:06:11.000Z
  • AboveGradeFinishedArea: 1675
  • RoomDiningRoomFeatures: Separate Room
  • ListingContractDate: 2025-04-22
  • GAMLS2_BathroomsFullLower: 0
  • GAMLS2_ListWithoutPhotosYn: No
  • LivingAreaSource: Public Records
  • TaxAnnualAmount: 1229.72
  • BelowGradeFinishedArea: 0
  • Basement: None
  • OriginatingSystemKey: gamls2
  • BathroomsTotalDecimal: 2
  • PhotosChangeTimestamp: 2025-04-22T14:04:27.745Z
  • OriginatingSystemName: Georgia MLS 2
  • MlsStatus: Active
  • StreetNumber: 602
  • ListingKey: a0d1e8523a88d844940bdf550699e749
  • StateOrProvince: GA
  • AboveGradeFinishedAreaUnits: Square Feet
  • MiddleOrJuniorSchool: J. L. Invictus Academy
  • AssociationFeeIncludes: None
  • ElementarySchool: Woodson
  • StreetDirSuffix: NW
  • GAMLS2_BedroomsLower: 0
  • Directions: GPS
  • BridgeModificationTimestamp: 2025-05-06T05:13:33.050Z
  • MainLevelBathrooms: 2
  • Roof: Composition
  • PropertyCondition: Resale
  • ParcelNumber: 14 014500050143
  • ShowingRequirements: 24 Hour Access
  • GAMLS2_Longitude: -84.442254
  • HighSchool: Douglass
  • Levels: One
  • BathroomsFull: 2
  • LockBoxType: Supra
  • Fencing: Front Yard
  • LotSizeSource: Public Records
  • StreetSuffix: Avenue
  • ListAgentMlsId: AHMEDASLI
  • WaterSource: Public
  • ModificationTimestamp: 2025-05-06T05:06:11.000Z
  • ListOfficeMlsId: NDIG01
  • BelowGradeFinishedAreaUnits: Square Feet
  • CumulativeDaysOnMarket: 14
  • ParkingFeatures: Parking Pad
  • BathroomsHalf: 0
  • GAMLS2_UnparsedAddress: 602 W Lake AVE NW
  • LotSizeArea: 13460.04
  • Sewer: Public Sewer
  • Heating: Natural Gas
  • StructureType: Other
  • StreetName: Lake
  • GAMLS2_RoomType: Other
  • MainLevelBedrooms: 2
  • ListingAgreement: Exclusive Right To Sell
  • Utilities: Electricity Available,Natural Gas Available
  • CommunityFeatures: Sidewalks,Street Lights
  • OriginalListPrice: 249900
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: 1
  • TaxYear: 22
  • ShowingContactName: Gantt Morgan R
  • LotFeatures: Corner Lot,Level,Open Lot
  • GAMLS2_Latitude: 33.771924
  • ConstructionMaterials: Brick
  • GAMLS2_BathroomsHalfLower: 0
  • LotSizeSquareFeet: 13460.04
  • GAMLS2_Search_Price: 249900
  • ArchitecturalStyle: Brick 4 Side

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