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
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Basement: None -
Flooring Information
Laminate -
Roofing Information
Shingle -
Interior Features
Other Roof: Shingle Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator Laundry Features: Main Level Window Features: Wood Frames -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1974 Building Area Total: 1628 Construction Materials: Brick Patio And Porch Features: Patio Pool Features: None Private Pool: No View: City Association Fee Frequency: Monthly -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 58 x 38 Lot Size Acres: 0.5 Lot Size Source: See Remarks Lot Description: OtherProperty Information
Subdivision: Parc Lorraine Source Property Type: Residential Postal Code Plus 4: 1906 Property SubType: Condominium Levels: One Property Age: 52
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Listing Price Information
Listing Price: $125000
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Tax Information
Parcel Number: 16 074 08 014 Tax Year: 2025 Annual Tax: $2170 Tax Legal Desc: na
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Parking Information
Parking Total: 2 Parking LotHomeowners Association InformationHas Association: Yes Included Fees: Maintenance Grounds HOA: $325.00 Community Features: None
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School Information
Elementary School: Flat RockJunior High School: LithoniaSenior High School: Lithonia -
Utility Information
Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available -
Location Information
Direction: Use GPS WaterSource: Public
How much is this property worth?
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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 | -- |
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ByOwner last updated this listing 08/15/2026 @ 05:00
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