Turnkey

TURNKEY INVESTMENT OPPORTUNITY – TENANT OCCUPIED!

3024 Parc Lorraine, Stonecrest, GA 30038

$125,000 After Repair Value -
$106,000 Asking Price -
$0 Cost of Repairs =
$19,000 Potential Profit

Property Details

Asking Price $106,000

After Repair Value $125,000

Costs of Repairs $0

Potential Profit $19,000

Living Area 1628 ft2

Property Type Condo

Bedrooms 3

Bathrooms 2

Half Bathrooms N/A

Parking 2

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $16,800

Yearly Expenses $3,900

Property Taxes $1,287

Net Operating Income $11,613

Cap Rate 10.96

Property Description

Excellent opportunity for buy-and-hold investors looking for a rental property with immediate income! This spacious 3-bedroom, 2-bathroom condo offers approximately 1,600 sq. ft. of living space and has recently undergone several improvements, including:New luxury vinyl plank (LVP) flooring Updated bathroom vanities interior painting and drywall improvements Additional interior upgrades and repairs Currently tenant-occupied with an active lease immediate rental income from day one Investment Details:Monthly Rental Income: $1,400Current Lease: 18-month leaseHOA Fees: $325/month Annual Property Taxes: Approximately $1,287Occupancy: Tenant occupiedThis property is ideal for investors seeking an income-producing asset without the hassle of finding a new tenant or completing major interior renovations.Located in Lithonia, Georgia, within the Greater Atlanta metropolitan area. Serious investors and cash buyers are welcome!Contact me for additional details, property photos, lease information, or to discuss the opportunity.

CONTACT LISTING OWNER

yakir sheli

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