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Image for property 602 Lake Avenue, Atlanta, GA 30318
Image for property 602 Lake Avenue, Atlanta, GA 30318
Image for property 602 Lake Avenue, Atlanta, GA 30318

602 Lake Avenue

Atlanta, Ga 30318

Active

Days on Market: 1

$249,900

$2,499

refund

2 BEDS| 2 BATHS| 1675 SQFT

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!

Georgia>Atlanta>30318>

PROPERTY DETAILS for 602 Lake Avenue

Property Type:

Residential

Property Subtype:

Single Family Residence

Status:

Active

MLS:

7564294

County:

Fulton - GA

Lot Size:

0

Year Built:

1930

Offered by: Asli Ahmed, Indigo Road Realty, LLC | Source: fmls, MLS# 7564294
Go Tour This Home

WEDNESDAY

12

NOV

THURSDAY

13

NOV

FRIDAY

14

NOV

It's free, with no obligation - cancel anytime.

INTERIOR FEATURES for 602 Lake Avenue

High Ceilings 9 ft Lower

SCHOOLS

Woodson Park Academy
John Lewis Invictus Academy/Harper-Archer
Frederick Douglass

Go Tour This Home

WEDNESDAY

12

NOV

THURSDAY

13

NOV

FRIDAY

14

NOV

It's free, with no obligation - cancel anytime.

Get More Info
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Source: fmls
fmls

Last updated November 11o 2025, 2:31 am