$120,000

2920 Parc Lorraine, Lithonia, GA 30038

3 beds |
2 baths |
1,628 sqft

Condominium
Built in 1974
0.5acre lot
—— car garage
$74/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: August 11, 2026
Data Last Updated:: September 26, 2026 at 7:06AM
Listing Office:: Luxury Of The South Realty, LLC : 678-224-0169
Listing Agent:: Marcia Wright : 678-224-0169
Contact:: 678-224-0169
MLS ID:: 7821141

General: Other
Rooms: Other
Appliances: DishwasherElectric CooktopElectric OvenRefrigerator
Laundry: Main Level
Basement: None
Flooring: Laminate
A/C: Central Air
Heating: Central
Fireplace: ElectricFireplaces: 1
Disability Feature: None
Eco/Green Feature: NoneNone

General: None
Style: Garden (1 Level)
Other Structures: Patio
Pool: None
Parking: Parking LotParking spaces: 2

Roofing: Shingle
Windows: Wood Frames
General: BrickOneSee Remarks

Road/Access: City Street
HOA Amenities: Maintenance Grounds325.0Monthly
Originating MLS: First Multiple Listing Service
County: Dekalb - GA

Zoning: na16 074 08 014
View: City
Fencing: None

Utilities: Cable AvailableElectricity AvailableNatural Gas AvailableSewer AvailableWater Available220 Volts
Water: Public
Sewer: Public Sewer

Source: First Multiple Listing Service

This listing courtesy of Marcia Wright , Luxury Of The South Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.