GA > Atlanta > Grove Park
Atlanta, GA 30318,602 W Lake AVE W
Atlanta, GA 30318,602 W Lake AVE W
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$299,900
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602 W Lake AVE W Atlanta, GA 30318

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Keisha Tompkins

Keisha Tompkins

+1(770) 843-8184

UPDATED:

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

First Multiple Listing Service(FMLS)
Listed by Indigo Road Realty, LLC

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agent

Keisha Tompkins

Professional Realtor | License ID: 281942

+1(770) 843-8184

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602 W Lake AVE W