602 W Lake Avenue NW
Atlanta, GA 30318
1674 sqft | 2 beds | 0.31 acres | #10490220
Description
Investor Alert! Duplex & ADU Development OPPORTUNITY in Grove Park- Current 2bed 2bath 1,675sqft Property Housing Voucher Approved. Seize this prime investment opportunity in the heart of Atlanta! Sitting on 1/3 acre, the lot provides ample space to build an ADU n accents, a spacious front and backyard, a new HVAC system, and a solid roof which is a strong foundation for any investment strategy. Key investor benefits include: Housing voucher approval for consistent rental income with government-backed tenants, 100% conventional financing with a $10,000 grant available, and a prime location with a MARTA bus stop at your doorstep and Bankhead Station within walking distance. The property is also minutes from major attractions like the Atlanta Beltline, Westside Park, Proctor Greenway, and Maddox Park. Additionally, it is steps away from the brand-new KIPP Woodson Park Academy (K-8), attracting families and long-term tenants. Whether you're looking to rent immediately, develop a high-income duplex and ADU, or capitalize on Atlanta's booming rental market, this property offers exceptional 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.
Property Details
- StyleBrick 4 Side, Bungalow/Cottage
- Middle SchoolJ. L. Invictus Academy
- Lot DescriptionCorner Lot, Open Lot
- InteriorVaulted Ceiling(s)
- Sewer InformationPublic Sewer
- Basement DescriptionCrawl Space
- Property SubtypeHouse, Other
- Structure TypeHouse, Other
- SubdivisionGrove Park
- Property TypePurchase
- High SchoolDouglass
- MLS #10490220
- MLS #10490220
- Elementary SchoolWoodson
- Utility SourcePublic
- CountyFulton
- Taxes Annual$1,229
- Cost299900
- Acres0.309
- Utility FeaturesOther
- Square Feet1674
- Year Built1930
- FoundationSlab
- Fireplaces1
- Bedrooms2
- Bedrooms on Main Level2
- Basement1
- Master on Main1
Location
Legal
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Last Updated: . Source: GAMLS
Listing Courtesy
Listing Agent: Asli Ahmed (#AHMEDASLI)
Listing Office: Indigo Road Realty (#NDIG01)

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