602 W Lake AVE W new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30318
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Grove Park
MLS Listing ID 7538492
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1930
Annual Tax Amount $1,230
Tax Year 2022
Lot Size 0.309 Acres
Acres 0.309
Property Sub-Type Other
Property Description
Investor Alert! Duplex & ADU Development OPPORTUNITY in Grove Park- Current 2bed 2bath 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/and or Duplex while the existing 2-bedroom, 2-bath home can generate rental income immediately. The home is well-maintained, featuring wooden 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.
Location
State GA
County Fulton
Lake Name None
Interior
Heating Natural Gas
Cooling Central Air
Flooring Hardwood
Window Features Wood Frames
Exterior
Parking Features Paved
Fence Front Yard
Community Features None
Utilities Available Other
Waterfront Description None
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
New Construction No
Construction Status Resale
Schools
Elementary Schools Woodson Park Academy
Middle Schools John Lewis Invictus Academy/Harper-Archer
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 014500050143
Acceptable Financing Assumable Vendor Lien,Cash,Conventional,FHA,FHA 203(k)
Listing Terms Assumable Vendor Lien,Cash,Conventional,FHA,FHA 203(k)
Special Listing Condition None