$359,995

1416 Manchester Court SW, Lilburn, GA 30047

4 beds |
3 baths |
2,464 sqft

Single-Family Home
Built in 1977
0.46acre lot
2 car garage
$146/sqft
Listed 4 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:: October 1, 2026
Data Last Updated:: October 5, 2026 at 7:08PM
Listing Office:: TruPorch Homes : 404-333-8497
Listing Agent:: James YEH : 404-333-8497
Contact:: 404-333-8497
MLS ID:: 7847736

General: High Ceilings 9 ft LowerLow Flow Plumbing Fixtures
Rooms: DenLiving Room
Appliances: DishwasherElectric RangeENERGY STAR Qualified Appliances
Laundry: Lower Level
Basement: None
Flooring: Vinyl
A/C: Central Air
Heating: Forced Air
Fireplace: Family RoomFireplaces: 1
Disability Feature: None
Eco/Green Feature: NoneNone

General: None
Style: ColonialTraditional
Other Structures: None
Pool: None
Parking: GarageParking spaces: 2

Roofing: Composition
Windows: None
General: Brick FrontHardiPlank TypeTwo

Road/Access: Private Road
Originating MLS: First Multiple Listing Service
County: Gwinnett - GA

Zoning: n/aR6085 064
View: Other
Fencing: Fenced

Utilities: None110 Volts
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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