About This Home
This 3-bedroom, 2-bathroom condo at 2920 Parc Lorraine in Lithonia, GA is listed for $125,000 ($77 per sqft). Built in 1974, the home offers 1,628 sqft of living space on a 0.50 acres lot.
Key Features
- Built in 1974
- 0.50 acre lot
- 2 parking spaces
- Fireplace
Property Details
Amenities
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.
Monthly Cost Estimate
$4,569/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2920 Parc Lorraine
Lithonia, GA 30038
Parc Lorraine
Property Details
Flooring
Construction
Views
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom condo at 2920 Parc Lorraine is listed at $125,000 ($77/sqft). The estimated monthly payment is $4,568 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $3900/month.
Key features include: Built in 1974, 0.50 acre lot, 2 parking spaces, Fireplace.
This property is listed by Marcia Wright and can be reached at 4045809931.
