2920 Parc Lorraine Lithonia, GA 30038
Lithonia AreaEstimated payment $1,193/month
Highlights
- City View
- Patio
- Four Sided Brick Exterior Elevation
- 1 Fireplace
- 1-Story Property
- Central Heating and Cooling System
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 Details
Home Type
- Condominium
Est. Annual Taxes
- $2,170
Year Built
- Built in 1974
HOA Fees
- $325 Monthly HOA Fees
Home Design
- Garden Home
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1-Story Property
- 1 Fireplace
- Laminate Flooring
- City Views
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Off-Street Parking
Schools
- Flat Rock Elementary School
- Lithonia Middle School
- Lithonia High School
Utilities
- Central Heating and Cooling System
- 220 Volts
- Cable TV Available
Additional Features
- Patio
- Two or More Common Walls
Community Details
- Association fees include ground maintenance
- Parc Lorraine Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,170 | $47,320 | $2,000 | $45,320 |
| 2024 | $2,030 | $44,520 | $2,000 | $42,520 |
| 2023 | $2,030 | $36,720 | $2,000 | $34,720 |
| 2022 | $1,341 | $29,960 | $2,000 | $27,960 |
| 2021 | $870 | $18,960 | $2,000 | $16,960 |
| 2020 | $25 | $14,120 | $2,000 | $12,120 |
| 2019 | $74 | $17,160 | $2,000 | $15,160 |
| 2018 | $40 | $11,720 | $2,000 | $9,720 |
| 2017 | $48 | $11,280 | $2,000 | $9,280 |
| 2016 | $29 | $10,000 | $2,000 | $8,000 |
| 2014 | $37 | $7,520 | $2,000 | $5,520 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2026 08/11/26 | For Sale | $125,000 | +86.6% | -- | |
| 10/23/2020 10/23/20 | Sold | $67,000 | -10.1% | $41 / Sq Ft | View Prior Sale |
| 10/07/2020 10/07/20 | Pending | -- | -- | -- | |
| 09/17/2020 09/17/20 | For Sale | $74,500 | 0.0% | $46 / Sq Ft | |
| 09/11/2020 09/11/20 | Pending | -- | -- | -- | |
| 09/08/2020 09/08/20 | For Sale | $74,500 | 0.0% | $46 / Sq Ft | |
| 09/05/2020 09/05/20 | Pending | -- | -- | -- | |
| 09/01/2020 09/01/20 | For Sale | $74,500 | 0.0% | $46 / Sq Ft | |
| 08/24/2020 08/24/20 | Pending | -- | -- | -- | |
| 08/18/2020 08/18/20 | For Sale | $74,500 | -- | $46 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $67,000 | -- | |
| Deed | $83,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $66,400 | New Conventional |
Source: Georgia MLS
MLS Number: 10825554
APN: 16-074-08-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
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Ask me questions while you tour the home.