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.
Property Details
- Interior
- Other
- Fireplaces
- 1
- Cooling
- Central Air
- Heating
- Central
- Cooling Features
- Central Air
- Bedrooms
- 3
- Bathrooms
- 2.0
- Full Baths
- 2
- View
- City
- Lot Features
- Other
- Stories
- 1
- Lot Description
- Other
- Acres
- 0.5
- Square Feet
- 1628
- Lot Size (sqft)
- 58 x 38
- Parking Features
- Parking Lot
- Parking Spaces
- 2
- Property Type
- Purchase
- Style
- Garden (1 Level)
- Year Built
- 1974
- Foundation
- See Remarks
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
- Subdivision
- Parc Lorraine
- Elementary School
- Flat Rock
- Middle School
- Lithonia
- High School
- Lithonia
- County
- Dekalb - GA
- Region
- Lithonia
- Original List Price
- $125,000
- Taxes Annual
- $2,170
- HOA
- 1
- HOA Fees
- 325
- Ownership
- Condominium
- MLS #
- 7821141
Location
Legal
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Provided By
Listed by Marcia Wright (#WRIGHTMARCIA)
Listing Office: Luxury Of The South Realty, LLC (#LUXS01)
