No images available for this property.
Coming soon
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
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. ©2025 First Multiple Listing Service, Inc.
©2025 FMLS. All rights reserved.
Data last updated 10:07 PM UTC, 3/11/2025