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  • $249,900

    602 W Lake Ave NW, Atlanta, GA 30318

    2beds
    1,675sqft
    : 
    Single Family Residence, Residential
    Built in 1930
    0.31 Acres Lot
    $245,500 Zestimate®
    $149/sqft
    $-- HOA

    What's special

    Roomy front and backyard
    Fixer-Upper with Major Investment Potential in Grove Park - Build, Rent, Profit! Investor Special! This 2 bed, 2 bath, 1,675 sqft home in Atlanta's fast-growing Grove Park neighborhood is your chance to renovate, rent, and expand. Sitting on a spacious 1/3-acre lot, this property offers multiple streams of income potential-renovate the existing structure, capitalize on Housing Voucher approval for steady rental income, and explore the opportunity to add an ADU or even a second property on the lot. The existing home features original charm with wood accents and a roomy front and backyard, making it a great canvas for investors ready to upgrade and unlock value. This fixer-upper has great bones and is ready for a value-boosting renovation. The lot is large enough to support ADU or duplex development. It is already Housing Voucher approved, offering guaranteed income from day one. You can take advantage of 100% conventional financing and a potential $10,000 grant. The location is ideal with a MARTA bus stop at the door and just minutes from Bankhead Station, the Beltline, Westside Park, and more. It's also close to the new KIPP Woodson Park Academy, making it a great option for families and long-term tenants. Grove Park is undergoing major revitalization-don't miss this opportunity to create a multi-unit income-producing property in one of Atlanta's hottest neighborhoods. Whether you're an experienced investor or looking for your first value-add project, this is the perfect chance to build equity and long-term cash flow. Schedule your tour today and bring your vision!
    4 days
    on Zillow
    |
    178
    |
    11
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: April 23, 2025 at 05:07am

    Listing Provided by:

    Asli Ahmed,

    Indigo Road Realty, LLC

    Source: FMLS GA,MLS#: 7564294MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 602 W Lake Ave NW.

    Next available tour time:Today at 7pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Attic, Other
    Primary bedroom
    • Features: Master on Main, Split Bedroom Plan
    • Level: Master on Main, Split Bedroom Plan
    Bedroom
    • Features: Master on Main, Split Bedroom Plan
    Primary bathroom
    • Features: Shower Only
    Dining room
    • Features: Separate Dining Room
    Kitchen
    • Features: Other
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator
    • Laundry: In Hall
    Features
    • High Ceilings 9 ft Lower
    • Flooring: Hardwood
    • Windows: Wood Frames
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Double Sided
    • Common walls with other units/homes: No One Above,No One Below
    Interior area
    • Total structure area: 1,675
    • Total interior livable area: 1,675 sqft
    • Finished area above ground: 1,675
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Parking features: Parking Pad
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Enclosed, Front Porch
    • Exterior features: Other, No Dock
    • Pool features: None
    • Spa features: None
    • Fencing: Front Yard
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 0.31 Acres
    • Features: Front Yard, Level, Open Lot, Rectangular Lot
    Details
    • Additional structures: None
    • Parcel number: 14 014500050143
    • Special conditions: Standard
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow,Cottage,Ranch
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick, Brick 4 Sides
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Fixer
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Electric: Other
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & HOA

    Community
    • Features: Public Transportation, Sidewalks, Street Lights
    • Security: Security System Owned
    • Subdivision: Grove Park
    HOA
    • Has HOA: No
    Location
    • Region: Atlanta

    Financial & listing details

    • Price per square foot: $149/sqft
    • Tax assessed value: $214,600
    • Annual tax amount: $1,230
    • Date on market: 4/22/2025
    • Ownership: Other
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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