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.
Details
| MLS # | 10825554 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $3,900 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 12 |
| Listing Provided By | eXp Realty | Marcia Wright |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| Story(s) | 1 |
| Acreage | 0.50 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Appliances | Dishwasher, Refrigerator |
|---|---|
| Interior Features | Other |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
| Laundry Features | Other |
Exterior
| Lot Features | Other |
|---|---|
| Construction Materials | Brick |
| Roof | Other |
| Waterfront Features | No Dock Or Boathouse |
| Patio And Porch Features | Patio |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
| Electric | 220 Volts |
Taxes
| Tax Annual Amount | 2170 |
|---|---|
| Tax Year | 2025 |
Location
| Community Features | None |
|---|
Area Information
| State | GA |
|---|---|
| County | DeKalb |
| City | Lithonia |
| Zip Code | 30038 |
| Area | DeKalb |
| Community Name | Parc Lorraine |
| School District | Lithonia |
| Elementary School | Flat Rock |
| High School | Lithonia |
| Listing VS Median (in Parc Lorraine) | |
Price: $125,000 low | high Med: $0 On site: 12 low | high Med: | |
Market Activity 30038
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Learn More About This Property
| State | GA |
|---|---|
| County | DeKalb |
| City | Lithonia |
| Zip Code | 30038 |
| Area | DeKalb |
| Community Name | Parc Lorraine |
| School District | Lithonia |
| Elementary School | Flat Rock |
| High School | Lithonia |
| Listing VS Median (in Parc Lorraine) | |
Price: $125,000 low | high Med: $0 On site: 12 low | high Med: | |
