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2920 Parc Lorraine; Lithonia, GA 30038

$120,000

1,628 Sq Ft
3 Bedrooms
2 Bathrooms
Parking Lot
7821141
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.
Key Facts
  • Style:
  • Year Built: 1974
  • Status: Active
Schools
  • Elementary School: Flat Rock
  • Middle School: Lithonia
  • High School: Lithonia
Bedrooms
  • Beds Total: 3
Bathrooms
  • Baths Full: 2
  • Baths Half: 0
  • Main Full Baths: 2
  • Master Bath Features: None

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Private & Public Schools Nearby

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    Flat Rock Elementary School
    4603 Evans Mill Rd; Lithonia, GA 30038
    Public PK-5th  |  1,006 students
    Metro Atlanta School Rank: 1122nd
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    Lithonia Middle School
    2451 RANDALL AVENUE; Lithonia, GA 30058
    Public 6th-8th  |  1,088 students
    Metro Atlanta School Rank: 504th
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    Lithonia High School
    2440 PHILLIPS ROAD; Lithonia, GA 30058
    Public 9th-12th  |  1,327 students
    Metro Atlanta School Rank: 365th

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Listing information last updated on August 30, 2026
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