$125,000
2920 Parc Lorraine, Lithonia GA 30038
Lithonia, GA, 30038
3 bd · 2 ba · 1,628 sq ft
Listing Courtesy of: eXp Realty
About this home
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.
- Property type
- Condominium
- Year built
- 1974
- Lot size
- 0.5 ac
- HOA
- $3,900
- Annual tax
- $2,170
- MLS #
- 10825554
Recently sold
These are past sales of other homes, not an estimate of this home’s value.
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