2920 Parc Lorraine, Lithonia, GA 30038
- $125,000
- 3
- BD
- 2
- BA
- List Price
- $125,000
- MLS#
- 10825554
- Type
- Condo
- City
- Lithonia
- County
- Dekalb
- Subdivision
- Parc Lorraine
- Bedrooms
- 3
- Bathrooms
- 2
- Year Built
- 1974
Property 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.
Additional Information
- Elementary School
- Flat Rock
- High School
- Lithonia
- Interior Features
- Other
- Style
- Brick 4 Side
- Parking
- Off Street
- Basement Type
- None
- Stories
- 1 Story
- Fees Include
- Maintenance Grounds
- Tax Year
- 2025
Mortgage Calculator
Listing courtesy of eXp Realty.
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