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.
Active
$125,000
2920 Parc Lorraine, Lithonia, GA 30038
3beds
--sqft
Condominium
Built in 1974
-- sqft lot
$120,200 Zestimate®
$--/sqft
$325/mo HOA
What's special
Fully renovated condominium
- 4 days |
- 19 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Marcia Wright 404-580-9931,
eXp Realty
Source: GAMLS,MLS#: 10825554
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Other
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator
- Laundry: Other
Features
- Other
- Flooring: Laminate
- Basement: None
- Number of fireplaces: 1
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Has view: Yes
- View description: City
- Waterfront features: No Dock Or Boathouse
- Body of water: None
Lot
- Size: 0.5 Acres
- Features: Other
Details
- Parcel number: 1607408014
- Special conditions: As Is,Investor Owned
Construction
Type & style
- Home type: Condo
- Architectural style: Brick 4 Side
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1974
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Features: None
- Subdivision: Parc Lorraine
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $3,900 annually
Location
- Region: Lithonia
Financial & listing details
- Tax assessed value: $118,300
- Annual tax amount: $2,170
- Date on market: 8/11/2026
- Cumulative days on market: 4 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$120,200
$114,000 - $126,000
$1,529/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $125,000+117.4% |
Source:  FMLS GA #7821141 Report a problem | ||
| 11/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/3/2023 | Listed for rent | $1,750+11.1% |
Source: Zillow Rentals Report a problem | ||
| 7/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/29/2023 | Listed for rent | $1,575 |
Source: Zillow Rentals Report a problem | ||
| 12/27/2022 | Sold | $57,500-14.2% |
Source: Public Record Report a problem | ||
| 10/23/2020 | Sold | $67,000-10.1% |
Source: Public Record Report a problem | ||
| 10/7/2020 | Pending sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 9/17/2020 | Listed for sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 9/12/2020 | Pending sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 9/8/2020 | Listed for sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 9/5/2020 | Pending sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 9/1/2020 | Listed for sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 8/24/2020 | Pending sale | $74,500 |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 8/21/2020 | Listed for sale | $74,500+12.9% |
Source: Homesmart Realty Partners #8843619 Report a problem | ||
| 3/24/2020 | Listing removed | $66,000 |
Source: CMC Realty LLC #8637852 Report a problem | ||
| 2/17/2020 | Price change | $66,000-9.6% |
Source: CMC Realty LLC #8637852 Report a problem | ||
| 8/8/2019 | Listed for sale | $73,000+21.7% |
Source: CMC Realty LLC #8637852 Report a problem | ||
| 6/10/2019 | Listing removed | $60,000 |
Source: CMC Realty LLC #8596225 Report a problem | ||
| 6/6/2019 | Price change | $60,000+9.1% |
Source: CMC Realty LLC #8596225 Report a problem | ||
| 6/4/2019 | Listed for sale | $55,000-33.7% |
Source: CMC Realty LLC #8596225 Report a problem | ||
| 8/29/2001 | Sold | $83,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,170 +6.9% | $47,320 +6.3% |
| 2024 | $2,030 +21.5% | $44,520 +21.2% |
| 2023 | $1,671 +24.7% | $36,720 +22.6% |
| 2022 | $1,341 +54.1% | $29,960 +58% |
| 2021 | $870 +3350.6% | $18,960 +34.3% |
| 2020 | $25 -65.8% | $14,120 -17.7% |
| 2019 | $74 +48.3% | $17,160 +46.4% |
| 2018 | $50 +4.7% | $11,720 +3.9% |
| 2017 | $48 +64.4% | $11,280 +12.8% |
| 2016 | $29 | $10,000 +33% |
| 2014 | $29 | $7,520 +38.2% |
| 2013 | -- | $5,440 |
| 2012 | -- | $5,440 -38.7% |
| 2011 | -- | $8,880 -58% |
| 2010 | $341 -30.8% | $21,160 -18.5% |
| 2009 | $493 -1.8% | $25,960 -23.7% |
| 2008 | $502 -1.2% | $34,040 |
| 2007 | $509 | $34,040 |
| 2006 | $509 +26.8% | $34,040 +9.1% |
| 2005 | $401 -0.2% | $31,200 |
| 2004 | $402 -21.9% | $31,200 -9.1% |
| 2003 | $514 +22.9% | $34,320 +2.4% |
| 2002 | $418 +1663.3% | $33,520 +22.5% |
| 2001 | $24 | $27,360 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 30038
Nearby schools
GreatSchools rating
- 3/10Flat Rock Elementary SchoolGrades: PK-5Distance: 2.9 mi
- 3/10Lithonia Middle SchoolGrades: 6-8Distance: 2.3 mi
- 2/10Lithonia High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Flat Rock
- Middle: Lithonia
- High: Lithonia
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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