2920 Parc Lorraine Lithonia, GA 30038
3 Beds
2 Baths
1,628 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,628 sqft
Price per Sqft $76
Subdivision Parc Lorraine
MLS Listing ID 7821141
Style Garden (1 Level)
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $325/mo
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $2,170
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Condominium
Source First Multiple Listing Service
Property Description
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.
Location
State GA
County Dekalb
Area Parc Lorraine
Lake Name None
Rooms
Bedroom Description None
Other Rooms None
Basement None
Main Level Bedrooms 3
Dining Room Other
Kitchen Other
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Number 1
Fireplaces Type Electric
Equipment None
Window Features Wood Frames
Appliance Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Laundry Main Level
Exterior
Exterior Feature None
Parking Features Parking Lot
Fence None
Pool None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City
Roof Type Shingle
Street Surface Paved
Accessibility None
Handicap Access None
Porch Patio
Total Parking Spaces 2
Private Pool false
Building
Lot Description Other
Story One
Foundation See Remarks
Sewer Public Sewer
Water Public
Architectural Style Garden (1 Level)
Level or Stories One
Structure Type Brick
Construction Status Resale
Schools
Elementary Schools Flat Rock
Middle Schools Lithonia
High Schools Lithonia
Others
HOA Fee Include Maintenance Grounds
Senior Community no
Restrictions false
Ownership Condominium
Financing no
