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$369,995
For Sale

1416 Manchester Court SW

Lilburn, GA 30047
0.46 acres | #7714539
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1416 Manchester Court SW
22 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Property Details
      • Lot FeaturesCorner Lot, Private
      • Lot DescriptionCorner Lot, Private
      • CountyGwinnett - GA
      • CoolingCentral Air
      • RoofComposition
      • Sewer InformationSeptic Tank
      • HeatingForced Air
      • SubdivisionManchester
      • Middle SchoolFive Forks
      • High SchoolBrookwood
      • Property TypePurchase
      • Original List Price$369,995
      • MLS #7714539
      • MLS #7714539
      • Parking FeaturesGarage
      • Parking TypeGarage
      • Utility SourcePublic
      • Taxes Annual$5,220
      • Cost369995
      • Property ConditionResale
      • Fence DescriptionFenced
      • ViewOther
      • Property SubtypeOther
      • Acres0.46
      • Year Built1977
      • Elementary SchoolHead
      • Fence1

Location

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​ Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc.​

Last Updated: 09/17/2025 9:42 AM. Source: FMLS

Provided By
Listing Agent: James YEH (#JIMMYYEH)
Listing Office: TruPorch Homes (#YANK01)

Marizney Briceno AbrilReal Estate Group
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