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$125,000

For Sale

6 days ago

2920 Parc Lorraine, Lithonia, GA

Condo

MLS® 7821141

3 Bed

2 Bath

--

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size -
Garage 
HOA Fees $650
Taxes $2,170
Days Active 6
Approx. Age 1974
MLS® Number 7821141

Property Address: 2920 Parc Lorraine, Lithonia, GA, 30038-1906

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity alert — and this one checks every box! Welcome to 2920 Parc Lorraine in Lithonia Georgia — a fully renovated condominium that is already generating income from day one. This beautifully updated 3 bedroom 2 bathroom unit in the established Parc Lorraine community is a turnkey investment with a tenant already in place paying $1, 750 per month — 100% covered by HUD. That is guaranteed government-backed rental income with zero vacancy headache for the new owner. The renovation has been completed — this is not a fixer. This is a move-in ready income-producing asset priced at just $120, 000. At this price point the numbers speak for themselves. With $1, 750 in monthly gross rent your cap rate is approximately 10.3% — the kind of return that institutional investors spend years chasing. Whether you are a seasoned investor looking to add a cash flowing asset to your portfolio or a first-time investor ready to get your foot in the door — this is the deal you have been waiting for. Priced to move. Income already in place. Government-backed rent. Do not wait on this one. Sold AS-IS. All documents uploaded to FMLS.
MLS® Number7821141
Locker
Ensuite Laundry
Balcony
Furnished
Laundry LevelMain
Exposure
Exterior
Garage
Approx. Age1974
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$125,000List Price

Home Appraisal

This property is estimated to sell between: $86,000 and $145,000.
Similar properties in this area sold on average for: $86,433
Expected to sell in 130 days. Similar properties sold in 136 days. This home has been on eXp Realty for 6 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
2920 Parc Lorraine, Lithonia, GA

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