1416 Manchester Sw Court, Lilburn, GA 30047
- $359,995
- 4
- BD
- 3
- BA
- 2,464
- SqFt
- List Price
- $359,995
- Status
- ACTIVE
- Days on Market
- 12
- MLS#
- 7836816
- Subtype
- Residential
- Style
- Colonial, Traditional
- Year Built
- 1977
- Bedrooms
- 4
- Bathrooms
- 3
- Full Baths
- 2
- Half Baths
- 1
- Living Area
- 2,464
- Lot Size
- 20,037
- Acres
- 0.46
- Subdivision
- Manchester
- Neighborhood
- Manchester
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.
Additional Information
- Interior Features
- High Ceilings 9 ft Lower, Low Flow Plumbing Fixtures
- Exterior Features
- None
- Taxes
- $5,220
- Property Description
- Colonial, Traditional
- Flooring
- Vinyl
- Appliances
- Dishwasher, Electric Range, ENERGY STAR Qualified Appliances
- Heating
- Forced Air
- Air Conditioning
- Central Air
- Exterior Construction
- Brick Front, HardiPlank Type
- Exterior Features
- None
- Stories
- Two
- Levels
- Two
- Roof
- Composition
- Parking
- Garage
- Garage Spaces
- 2
- Elementary School
- Head
- Middle School
- Five Forks
- High School
- Brookwood
- View
- Other
Courtesy of TruPorch Homes
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