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Listed price in listed location currency (USD).
$359,995

432

MLS® 7750915

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage Yes
Taxes $5,220
Days Active 16
Lot Size 
Approx. Age 1977
MLS® Number 7750915

Property Address: 1416 Manchester Ct Sw, Lilburn, GA, 30047-2018

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number7750915
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1977
BasementNone
DrivewayGarage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 10, 2026List Date
$359,995List Price

Home Appraisal

This property is estimated to sell between: $331,000 and $375,000.
Similar properties in this area sold on average for: $331,650
Expected to sell in 3 days. Similar properties sold in 19 days. This home has been on eXp Realty for 16 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1416 Manchester Ct Sw, Lilburn, GA

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