602 W Lake Avenue

Atlanta, GA 30318

  • 2 Bed(s)
  • 2 Bath(s)
  • 1,675 Sqft
  • 0.309
    Acre(Lot)
$249,900

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!

  • Property Type

    Residential

  • Subdivision

    Grove Park

  • County

    Fulton

  • Style

    Other

  • AD ID

    49452962

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2
    • Bedrooms On Upper Level: 0
    • Bedrooms On Lower Level: 0
    • Main Bedrooms: 2
    • Room Type: Other

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 2
    • Half Baths: 0
    • Full Baths Main: 2
    • Baths Full Lower: 0
    • Baths Full Upper: 0

    Water/Sewer

    • Water Source: Public
    • Sewer: Public Sewer

    Interior Features

    • Master On Main Level,Split Bedroom Plan

    Appliances

    • Dishwasher,Oven/Range (Combo)

    Utilities

    • Electricity Available,Natural Gas Available

    Cooling Features

    • Central Air

    Heating Source

    • Natural Gas

    Fireplace

    • Number of Fireplaces: 1

  • Building Information

    • Built Year: 1930
    • Roof Type: Composition
    • Basement: None

    Laundry Features

    • In Hall

    Fencing

    • Front Yard

    Construction Materials

    • Brick

    Property Condition

    • Resale

  • Lot Information

    • Lot Size (Acr): 0.309
    • Lot Size Source: Public Records
    • Lot Features: Corner Lot,Level,Open Lot

    Property Information

    • Property Type: Residential
    • Property Sub Type: Single Family Residence
    • Structure Type: Other
    • Subdivision: Grove Park
    • City: Atlanta
    • State: GA
    • Directions: GPS
    • Property Status: Active

  • Listing Price Information

    • Original List Price: $249,900

  • Tax Information

    • Annual Tax: $1229.72
    • Tax Year: 22

    Home Warranty

    • Home Warranty Paid: No

  • Parking Information

    • Parking Features: Parking Pad

    Homeowners Association Information

    • Association: No
    • Association Fee Includes: None

  • School Information

    • Elementary School: Woodson
    • High School: Douglass
    • Middle School: J. L. Invictus Academy
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

BuyOwner last updated this listing 05/11/2025 @ 19:09

  • MLS: 10505221
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Georgia MLS

is a Home, with 2 bedrooms which is for sale, it has 1,675 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.