$359,995

1416 Manchester Court SW, Lilburn, GA 30047

other
Built in 1977
0.46acre lot
—— car garage
$——/sqft
Listed 2 days ago

Property Description

$72K+ PRO FORMA | STABLE CASH FLOW | LILBURN CONVERSION PLAY Instant income meets massive revenue upside. Located in the high-demand Lilburn market, this 2,464 sq. ft. Colonial is a powerhouse asset. Recently occupied this December at a stable market rate, it offers a "plug-and-play" opportunity for an investor to secure equity now and double their yield later. The Strategy: While currently a 4-bedroom home, the massive footprint and traditional layout (Formal Living, Dining, and Family Room) are perfectly suited for a high-yield co-living conversion. The Numbers: Current Rent: ~$2,200/mo — Stable income starting Dec 2025. PadSplit Potential:6,000/mo(6,000/mo(72,000/year). The Yield: Nearly 3x the gross revenue utilizing a 6-bedroom conversion model ($1,000/room). The Asset: Premium Finishes: Renovated kitchen with stone counters, brand-new stainless appliances, and durable laminate/tile flooring designed for low-maintenance longevity. Conversion Ready: The separate formal living and dining rooms allow for easy conversion into additional revenue-generating bedrooms without major structural work. Prime Location: Situated in a quiet cul-de-sac on a huge 0.46-acre fenced lot. Zoned for the award-winning Brookwood High district—a "Zero Vacancy" hotspot for workforce housing. Secure a high-performing asset in a premier Gwinnett submarket. This is a turnkey investment with guaranteed stability and industry-leading pro-forma potential.

Listing Status:: Active
Date Added:: April 1, 2026
Data Last Updated:: April 3, 2026 at 4:06PM
Listing Office:: TruPorch Homes : 404-333-8497
Listing Agent:: James YEH : 404-333-8497
MLS ID:: 7745324

Flooring: Vinyl
A/C: Central Air
Heating: Forced Air
Disability Feature: None
Eco/Green Feature: NoneNone

Parking: GarageParking spaces: 2

Roofing: Composition
Windows: None
General: Brick FrontHardiPlank TypeTwo

Originating MLS: First Multiple Listing Service
County: Gwinnett - GA

Zoning: L17 BB MANCHESTER
View: Other
Fencing: Fenced

Utilities: None
Water: Public
Sewer: Septic Tank

Source: First Multiple Listing Service

This listing courtesy of James YEH , TruPorch Homes

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Head Elementary School

1801 Hewatt Rd SW, Lilburn, GA, 30047

Grades KG-5

0.98 miles away

Five Forks Middle School

3250 River Dr, Lawrenceville, GA, 30044

Grades 6-8

1.20 miles away

Brookwood High School

1255 Dogwood Rd, Snellville, GA, 30078

Grades 9-12

1.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.