Price cut
$125,000
3 bd · 2 ba · 1,628 sqft · 0.50 acre lot
2920 Parc Lorraine, Lithonia, GA 30038
Condo · Built 1974 · $77/sqft ·
$1,141/mo est. payment
- HOA
- $325/mo
- Stories
- 1
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 3
- Bedrooms On Main Level: 3
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- Dishwasher
- Refrigerator
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
- Number of Fireplaces: 1
Interior Features
- Flooring: Laminate
Waterfront and Water Access
- No dock or boathouse
Land Info
- Land Lease: No
- Lot Size Acres: 0.5
- Lot Size Square Feet: 21780
Exterior and Lot Features
- Patio And Porch Features: Patio
- Patio: Yes
Schools
- 2
Lithonia High School
high · 9-12 · 2.0 mi
- 3
Lithonia Middle School
middle · 6-8 · 2.4 mi
- 3
Flat Rock Elementary School
elementary · K-5 · 2.9 mi
Sparks Christian Academy #2
elementary · K-11 · 0.1 mi
- 2
Miller Grove High School
high · 9-12 · 0.6 mi
- 5
Leadership Preparatory Academy
elementary · K-8 · 0.7 mi
Price history
- Oct 9, 2026 · Listing Removed$120,000
- Aug 17, 2026 · Price Changed$120,000
- Aug 13, 2026 · Listed$125,000
- Aug 13, 2026 · Listed$125,000
- Dec 27, 2022 · Sold$57,500
- Dec 19, 2022 · Sold$45,000
- Oct 23, 2020 · Sold$67,000
- Aug 21, 2020 · Listed$74,500
Tax history
- 2025$2,170 tax · $47,320 assessed
- 2024$2,030 tax · $47,320 assessed
- 2023$1,671 tax · $36,720 assessed
- 2022$1,340 tax · $29,960 assessed
- 2021$870 tax · $18,960 assessed
- 2020$25 tax · $14,120 assessed
- 2019$73 tax · $17,160 assessed
- 2018$49 tax · $11,720 assessed
Home value
$115,382
- Quantarium$115,382
- Collateral Analytics$119,000
- Cotality$112,900
Where it is
Listed by Marcia Wright · Exp Realty LLC · GeorgiaMLS
