# 2920 Parc Lorraine, Lithonia, GA 30038 > **TL;DR:** 3bd/2ba condo, $125,000 ($77/sqft), built 1974, 1,628 sqft. > Fireplace, View, A/C. Est. $4,568/mo. Listed 44 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $125,000 | | Price/sqft | $77 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,628 | | Year Built | 1974 | | Lot Size | 21,780 sqft (0.50 acres) | | Stories | 1 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 44 | ## Why This Home Stands Out - **Views** - City ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $632 | | Estimated Insurance | $36 | | HOA | $3,900 | | **Total** | **$4,568** | ## Nearby Schools - **Elementary:** Flat Rock - **Middle:** Lithonia - **High:** Lithonia ## Key Amenities - Fireplace - View - A/C ## Property Highlights - Built in 1974 - 0.50 acre lot - 2 parking spaces - Fireplace ## Description ### Agent Description 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. ## Location - **Address:** 2920 Parc Lorraine, Lithonia, GA 30038 - **County:** DeKalb - **Neighborhood:** Parc Lorraine - **Coordinates:** 33.700257, -84.147755 - **Google Maps:** https://www.google.com/maps?q=33.700257,-84.147755 ## Listing Agent - **Name:** Marcia Wright - **Brokerage:** eXp Realty - **Phone:** 4045809931 - **Broker Phone:** (770) 361-7068 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2920-Parc-Lorraine_Lithonia_GA_30038_M54692-86137?f=listhub&s=GAMLS&m=10825554&c=propsimple) ## Photos ![2920 Parc Lorraine - Photo 1](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f3061518126r.jpg) ![2920 Parc Lorraine - Photo 2](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1868378036r.jpg) ![2920 Parc Lorraine - Photo 3](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1587658937r.jpg) ![2920 Parc Lorraine - Photo 4](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f990331078r.jpg) ![2920 Parc Lorraine - Photo 5](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f4231051392r.jpg) ![2920 Parc Lorraine - Photo 6](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1587658937r.jpg) ![2920 Parc Lorraine - Photo 7](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f334622347r.jpg) ![2920 Parc Lorraine - Photo 8](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f4011012474r.jpg) ![2920 Parc Lorraine - Photo 9](http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f373865627r.jpg) --- **MLS#:** 10825554 | **Updated:** 2026-09-23 **Source:** listhub *Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554#listing", "url": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554", "name": "2920 Parc Lorraine, Lithonia, GA 30038", "description": "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.", "image": [ "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f3061518126r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1868378036r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1587658937r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f990331078r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f4231051392r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f334622347r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f4011012474r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f373865627r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f3061518126r.jpg", "caption": "2920 Parc Lorraine - Lithonia, GA" }, "datePosted": "2026-08-11T00:00:00+00:00", "dateModified": "2026-09-23T23:36:41.465458+00:00", "mainEntity": { "@type": "Accommodation", "@id": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554#property", "name": "2920 Parc Lorraine, Lithonia, GA 30038", "address": { "@type": "PostalAddress", "streetAddress": "2920 Parc Lorraine", "addressLocality": "Lithonia", "addressRegion": "GA", "postalCode": "30038", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 33.700257, "longitude": -84.147755 }, "image": [ "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f3061518126r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1868378036r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f1587658937r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f990331078r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f4231051392r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f334622347r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f4011012474r.jpg", "http://lh.rdcpix.com/ee92d62aabdf0768e6f2060877a21985l-f373865627r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "10825554" }, "accommodationCategory": "Condominium", "numberOfBedrooms": 3, "numberOfBathroomsTotal": 2, "numberOfFullBathrooms": 2, "floorSize": { "@type": "QuantitativeValue", "value": 1628, "unitCode": "FTK", "unitText": "square feet" }, "yearBuilt": 1974, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Heating", "value": "Central" }, { "@type": "LocationFeatureSpecification", "name": "Cooling", "value": "Central Air" }, { "@type": "LocationFeatureSpecification", "name": "Appliances", "value": "Dishwasher, Refrigerator" }, { "@type": "LocationFeatureSpecification", "name": "Flooring", "value": "Laminate" }, { "@type": "LocationFeatureSpecification", "name": "Construction Materials", "value": "Brick" }, { "@type": "LocationFeatureSpecification", "name": "Views", "value": "City" }, { "@type": "LocationFeatureSpecification", "name": "Pool Features", "value": "Patio" }, { "@type": "LocationFeatureSpecification", "name": "Parking Features", "value": "Off Street" }, { "@type": "LocationFeatureSpecification", "name": "Fireplace", "value": true }, { "@type": "LocationFeatureSpecification", "name": "Air Conditioning", "value": true }, { "@type": "LocationFeatureSpecification", "name": "View", "value": true } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.50 acres" }, { "@type": "PropertyValue", "name": "Stories", "value": 1 }, { "@type": "PropertyValue", "name": "Parking Spaces", "value": 2 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Condominium" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554#offer", "url": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554", "price": 125000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554#agent", "name": "Marcia Wright", "telephone": "4045809931", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/2920-parc-lorraine-lithonia-ga-30038-10825554#brokerage", "name": "eXp Realty", "telephone": "(770) 361-7068" } } } ```