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Daniel Frankson

daniel@franksonrealty.com +1(404) 808-4867

$ 299,900

Est. payment -/mo

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New

602 W Lake AVE NW Atlanta, GA 30318

2 Beds

2 Baths

1,674 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status New

Purchase Type For Sale

Square Footage 1,674 sqft

Price per Sqft $179

Subdivision Grove Park

MLS Listing ID 10490220

Style Brick 4 Side,Bungalow/Cottage

Bedrooms 2

Full Baths 2

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1930

Annual Tax Amount $1,229

Tax Year 22

Lot Size 0.309 Acres

Acres 0.309

Lot Dimensions 13460.04

Property Sub-Type Single Family Residence

Property Description

Investor Alert! Duplex & ADU Development OPPORTUNITY in Grove Park- Current 2bed 2bath 1,675sqft 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 n 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

Rooms

Basement Crawl Space

Dining Room Separate Room

Interior

Interior Features Vaulted Ceiling(s)

Heating Natural Gas

Cooling Central Air

Flooring Hardwood, Laminate

Fireplaces Number 1

Fireplaces Type Family Room

Fireplace Yes

Appliance Oven/Range (Combo), Refrigerator

Laundry In Kitchen

Exterior

Parking Features Parking Pad

Community Features None

Utilities Available Other

View Y/N No

Roof Type Composition,Slate

Garage No

Private Pool No

Building

Lot Description Corner Lot, Open Lot

Faces GPS

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Woodson

Middle Schools J. L. Invictus Academy

High Schools Douglass

Others

HOA Fee Include None

Tax ID 14 014500050143

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Resale

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Daniel Frankson

Real Estate Advisor | License ID: 348806

+1(404) 808-4867

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Homes For Sale in Atlanta, GA