2920 Parc Lorraine, Lithonia, GA 30038
- $125,000
- 3
- BD
- 2
- BA
- 1,628
- SqFt
- List Price
- $125,000
- MLS#
- 7821141
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Condominium
- Bedrooms
- 3
- Bathrooms
- 2
- Square Footage
- 1,628
- Lot Size
- 0.5
- Subdivision
- Parc Lorraine
- Building Name
- Parc Lorraine
- Basement Description
- None
Property 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.
Additional Information
- Style
- Garden (1 Level)
- Stories
- One
- Construction
- Brick
- Year Built
- 1974
- Neighborhood Amenities
- None
- Kitchen Features
- Other
- Interior
- Other
- Fireplaces
- 1
- Exterior
- None
- Roof
- Shingle
- Lot Dimensions
- 58 x 38
- Parking
- Parking Lot
- Lot Desc
- Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Flat Rock
- Middle School
- Lithonia
- High School
- Lithonia
- Annual Master Assoc Fee
- 325
- Acres
- 0.50
- Dock
- None
- Hoa Fee
- $325
- Hoa Freq
- Monthly
- Levels
- One
- Taxes
- $2,170
Listing courtesy of EXP Realty, LLC..
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