602 W Lake Avenue NW
Atlanta, GA 30318
- 2 beds
- 2 baths
- 1,675 sqft
- 13,460 sqft lot
- $149 per sqft
- 1930 build
- – on site
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!
Last checked:
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Last updated Apr 22, 2025
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MLS# 10505221 —
The Building
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Year Built:1930
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Construction Materials:Brick
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Architectural Style:Brick 4 Side
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Structure Type:Other
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Roof:Composition
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Levels:One
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Basement:None
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Total Finished Area:1675
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Above Grade Finished:1675
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Living Area Source:Public Records
Interior
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Interior Features:Master On Main Level, Split Bedroom Plan
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Dining room Features:Separate Room
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Flooring:Hardwood
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Total Fireplaces:1
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Rooms:Other
Financial & Terms
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Home Warranty:No
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Possession:Close Of Escrow
Location
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Latitude:33.771924
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Longitude:-84.442254
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Lot Features:Corner Lot, Level, Open Lot
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Lot Size Acres:0.309
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Lot Size Source:Public Records
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Parcel Number:14 014500050143
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Leased Land:No
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Fencing:Front Yard
Listing Agent
- Contact info:
- Agent phone:
- (770) 851-7638
- Office phone:
- (770) 851-7638
Taxes
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Tax Year:22
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Tax Annual Amount:$1,229.72
Beds
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Bedrooms:2
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Bed Main:2
Baths
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Full Baths:2
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Main Level Full Baths:2
Heating & Cooling
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Heating:Natural Gas
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Cooling:Central Air
Utilities
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Utilities:Electricity Available, Natural Gas Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Oven/Range (Combo)
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Laundry Features:In Hall
Schools
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Elementary School:Woodson
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Middle School:J. L. Invictus Academy
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High School:Douglass
The Community
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Subdivision:Grove Park
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Community Features:Sidewalks, Street Lights
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Parking Pad
Monthly cost estimate
Asking price
$249,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,338
|
| Taxes | $102 |
| Insurance | $68 |
| Utilities | $183 See report |
| Total | $1,691/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/22/25
Apr 22, 2025
|
Listed / Active | GAMLS | $249,900 |
