2920 Parc Lorraine
Lithonia, GA 30038
3
Bed
2
Bath
0.50Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedrooms: 3 Bedrooms On Upper Level: 0 Bedrooms On Lower Level: 0 Main Bedrooms: 3 Room Type: Other Window Features: Insulated WindowsBathroom Information
Total Baths: 2 Full Baths: 2 Half Baths: 0 Full Baths Main: 2 Baths Full Lower: 0 Baths Full Upper: 0Water/Sewer
Water Source: Public Water BodyName: NONE Sewer: Public Sewer -
Interior Features
Other Flooring: LaminateAppliances
Dishwasher,RefrigeratorUtilities
Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available -
Cooling Features
Central AirEnergy
Electric: 220 VoltsHeating Source
CentralFireplace
Number of Fireplaces: 1
-
Building Information
Built Year: 1974 Roof Type: Other Basement: None Common Walls: 2+ Common Walls Levels: One Property Age: 52 -
Laundry Features
OtherPatio And Porch
PatioConstruction Materials
BrickProperty Condition
Resale
-
Lot Information
Lot Size (Acr): 0.5 Lot Size Source: Other Lot Features: Other -
Property Information
Property Type: Residential Property Sub Type: Condominium Structure Type: Garden/Patio Home Subdivision: Parc Lorraine City: Lithonia State: GA Directions: Use GPS Property Status: New
-
Listing Price Information
Original List Price: $125,000
-
Tax Information
Annual Tax: $2170 Tax Year: 2025 -
Home Warranty
Home Warranty Paid: No
-
Parking Information
Parking: 2 Parking Features: Off Street -
Homeowners Association Information
Association: Yes Annual Association Fee: 3900 Calculated Total Monthly Association Fees: 3900 Association Fee Includes: Maintenance Grounds Community Features: None
-
School Information
Elementary School: Flat Rock High School: Lithonia Middle School: Lithonia Source Neighborhood: Parc Lorraine
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3221 Fairington Drive, Lithonia, GA, 30038 | $130,000 | 3 | 2 | 1,202 | 1,202 SqFt |
| 3221 Fairington Drive, Lithonia, GA, 30038 | $130,000 | 3 | 2 | -- | |
| 6101 Par Four Way, Lithonia, GA, 30038 | $137,900 | 3 | 2 | 1,202 | 1,202 SqFt |
| 6101 Par Four Way, Lithonia, GA, 30038 | $137,900 | 3 | 2 | 1,202 | 1,202 SqFt |
| 3303 Par Three Way, Lithonia, GA, 30038 | $105,000 | 3 | 2 | -- | |
| 8204 Par Four Way Way, Lithonia, GA, 30038 | $99,000 | 3 | 2 | -- | |
| 3109 Fairington Drive, Lithonia, GA, 30038 | $110,000 | 2 | 1 | 879 | 879 SqFt |
| 5303 Par Four Way, Lithonia, GA, 30038 | $130,000 | 3 | 2 | 1,202 | 1,202 SqFt |
| 5303 Par Four Way, Lithonia, GA, 30038 | $130,000 | 3 | 2 | -- | |
| 2920 Parc Lorraine, Lithonia, GA, 30038 | $125,000 | 3 | 2 | -- |
Similar Condos To 2920 Parc Lorraine
Nearby For Sale
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
ByOwner last updated this listing 08/15/2026 @ 06:56
More Cities with for Sale by Owner Homes
- Lithonia Homes For Sale By Owner
- Stonecrest Homes For Sale By Owner
- Ellenwood Homes For Sale By Owner
- Stone Mountain Homes For Sale By Owner
- Pine Lake Homes For Sale By Owner
- Smoke Rise Homes For Sale By Owner
- Avondale Estates Homes For Sale By Owner
- Norcross Homes For Sale By Owner
- Conyers Homes For Sale By Owner
- Stockbridge Homes For Sale By Owner
- Scottdale Homes For Sale By Owner
- Clarkston Homes For Sale By Owner
- Rex Homes For Sale By Owner
- Conley Homes For Sale By Owner
- Decatur Homes For Sale By Owner
- Forest Park Homes For Sale By Owner
- Tucker Homes For Sale By Owner
- Snellville Homes For Sale By Owner
- Lilburn Homes For Sale By Owner
- Hapeville Homes For Sale By Owner
Homes around $125,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.