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602 W Lake Avenue W

Atlanta GA, 30318

$299,900


Coming soon

Residential

Built in 1930

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.

7538492

MLS ID

March 11, 2025

Listed

March 11, 2025

Updated

Interior Features

Total Stories

1


Floor Description

Hardwood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.31 Acres


Lot Features

Other


Roof

Composition


Sewer

Public Sewer


Security

Security Service


Window

Wood Frames

School Information

High School

Frederick Douglass


Elementary School

Woodson Park Academy

Other Property Details

Taxes

$1,230


Tax Frequency

Annually


Accessibility

None


Garage

No


Parking

Paved


Parking Total

0


View

Yes


View Description

Other


County

Fulton - GA


Water Source

Public


Waterfront Features

None


Utilities

Other

Green Building Features

Green Features

None

Listed by Asli Ahmed with Indigo Road Realty, LLC 770-851-7638

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Data last updated 10:07 PM UTC, 3/11/2025

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