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$299,900

Beds
Unknown
sq ft
Unknown

602 W Lake Avenue W, Atlanta, GA 30318

602 W Lake Avenue W

Atlanta, GA 30318

  • Coming soon
Investor Alert! Duplex & ADU Development Opportunity in Grove Park - Housing Voucher Approved. Seize this prime investment opportunity in the heart of Atlanta. This housing voucher-approved property at 602 West Lake Ave has been recently rezoned for duplex development with an accessory dwelling unit (ADU), making it an ideal asset for investors seeking long-term rental income and high ROI. Sitting on 1/3 acre, this property offers multiple income streams-renovate and rent immediately or develop a brand-new duplex plus an ADU for maximum cash flow. The existing home is well-maintained with wooden accents, a spacious front and backyard, a new HVAC system, and a solid roof, providing a strong foundation for any investment strategy. Key Investor Benefits: Housing Voucher Approved - Secure consistent rental income with government-backed tenants. 100% Conventional Financing & $10,000 Grant Available. Prime Location - MARTA bus stop at your doorstep & Bankhead Station within walking distance. Proximity to Major Attractions - Minutes from the Atlanta Beltline, Westside Park, Proctor Greenway, and Maddox Park. High Rental Demand - Steps from the brand-new KIPP Woodson Park Academy (K-8), attracting families and long-term tenants. Whether you're looking to fix and rent, develop a high-income duplex & ADU, or capitalize on Atlanta's booming rental market, this property delivers incredible 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.

Details

Property type

Lot size

0.31 acres

Price per sq ft

Unknown

Year built

1930

Annual property taxes

$1,230

HOA

No

Schools & Community

Neighborhood: 

Grove Park

Elementary school: 

Woodson Park Academy

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

Community features: 

None

Status: Coming Soon

Tomo last checked: 03/12/2025 at 3:50 PM

Listing updated: 03/11/2025 at 3:05 PM

Listed by: Asli Ahmed, Indigo Road Realty, LLC Phone #: (770) 851-7638

MLS: FMLS #7538492

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