Price Reduced Listing
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 # | 7821141 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $325 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 13 |
| Listing Provided By | Luxury Of The South Realty, LLC | Marcia Wright |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,628 |
| Story(s) | 1 |
| Acreage | 0.50 |
| Water Front | Yes |
| Property View | City |
Interior
| Appliances | Dishwasher, Electric Cooktop, Electric Oven, Refrigerator |
|---|---|
| Interior Features | Other |
| Cooling | Central Air |
| Heating | Central |
| Fireplaces Total | 1 |
| Fireplace Features | Electric |
| Window Features | Wood Frames |
| Room Kitchen Features | Other |
| Room Dining Room Features | Other |
| Laundry Features | Main Level |
Exterior
| Accessibility Features | None |
|---|---|
| Exterior Features | None |
| Lot Features | Other |
| Construction Materials | Brick |
| Roof | Shingle |
| Fencing | None |
| Foundation Details | See Remarks |
| Waterfront Features | None |
| Patio And Porch Features | Patio |
| Security Features | None |
Parking
| Parking Features | Parking Lot |
|---|
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 Legal Description | na |
| Tax Parcel Letter | 16-074-08-014 |
| Tax Year | 2025 |
Location
| Community Features | None |
|---|
Area Information
| State | GA |
|---|---|
| County | Dekalb GA |
| City | Lithonia |
| Zip Code | 30038 |
| Area | Dekalb GA |
| Community Name | Parc Lorraine |
| School District | Lithonia |
| Elementary School | Flat Rock |
| High School | Lithonia |
| Listing VS Median (in Parc Lorraine) | |
Price: $120,000 low | high Med: $120,000 sqft: 1,628 low | high Med: 1,628 $ / sqft: $74 low | high Med: $74 On site: 13 low | high Med: 13 | |
Market Activity 30038
Request a showing
Request a showing
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc.Contact
Learn More About This Property
| State | GA |
|---|---|
| County | Dekalb GA |
| City | Lithonia |
| Zip Code | 30038 |
| Area | Dekalb GA |
| Community Name | Parc Lorraine |
| School District | Lithonia |
| Elementary School | Flat Rock |
| High School | Lithonia |
| Listing VS Median (in Parc Lorraine) | |
Price: $120,000 low | high Med: $120,000 sqft: 1,628 low | high Med: 1,628 $ / sqft: $74 low | high Med: $74 On site: 13 low | high Med: 13 | |
