#10469658, Chris Hurd, Listing Office: Blue Mountain Realty GA LLC
602 W Lake Ave W Atlanta, GA 30318
Property details
About 602 W Lake Ave W
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!
Highlights
Summary
- MLS Number: 7564294
- MLS Name: First Multiple Listing Service
- Office Name: Indigo Road Realty, LLC
- Office Phone: (770) 851-7638
- Listing Agent: Asli Ahmed
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IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$249,900
602 W Lake Ave W
$2,968
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
William M. Boyd Elementary School
Public District EE-5
1.0 mi
•1891 Johnson Rd NW
3
Kipp Ways Primary School
Public Charter KG-4
1.2 mi
•350 Temple St NW
4
Frank Lebby Stanton Elementary School
Public District EE-5
1.3 mi
•1625 Martin Luther King Jr Dr NW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,936. Most Atlanta, GA residents have annual incomes less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 602 W Lake Ave W
This home is located at 602 W Lake Ave W in Atlanta, GA and zip code 30318 in the Northwest Atlanta neighborhood. This 1,675 square foot home, which was built in 1930, sits on a 0.31 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $249,900.
Atlanta, GA housing market in March 2025 saw over 245 listings sold above listed price, more than 207 sold at listed price and over 558 sold below. Between February and March 2025, Atlanta, GA real estate market has seen increase in the number of listings by 23.8%. The median list price of listings available in March 2025 was $423,362, while the average time on the real estate market was 46 days.