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.
Address
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Address: 1416 Manchester Court Sw, Lilburn, Georgia 30047
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City: Lilburn
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State/county: GA
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Zip/Postal Code: 30047
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Area: Manchester
Details
Updated on September 12, 2026 at 12:02 pm-
Property ID 7836816
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Price $359,995
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Property Size 2464 m²
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Land Area 0.46 m²
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Bedrooms 4
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Bathrooms 3
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Garages 2
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Year Built 1977
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Property Type Single Family Residence, Residential
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Property Status Active, For Sale
Additional details
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Roof Composition
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Utilities None
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Sewer Septic Tank
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Cooling Central Air
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Heating Forced Air
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Flooring Vinyl
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County Gwinnett - GA
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Property Type Residential
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Pool None
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Parking Garage
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Elementary School Head
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Middle School Five Forks
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High School Brookwood
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Community Features None
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Waterfront None
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Architectural Style Colonial, Traditional
Mortgage Calculator
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Down Payment
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Monthly HOA Fees
- Jason Tatum