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$359,995
Listing Price4beds
2.5baths
2,464sqft
20,037sqft lot
1416 Manchester CT Sw, Lilburn, GA 30047
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
$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.
Interior Details
2464
4
2.5
Has Heating:
Yes
Heating Type:
Forced Air With Air Conditioning
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
Yes
Fuel Type:
Gas
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
20037
Yes
No
Type:
Garage, Attached
Location:
N/A
Status:
N/A
Number of Spaces:
2
No
No
No
No
Yes
No
No
Construction Details
Conventional
Wood Siding
N/A
Gable/hip
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$3,401
$16,000
$68,440
--%
$84,440
2019
$3,150
$13,600
$67,200
--%
$80,800
2017
$2,768
$13,600
$48,400
--%
$62,000
2017
$2,768
$11,600
$57,080
--%
$68,680
2016
$2,371
$11,600
$52,960
--%
$64,560
2014
$2,177
$9,200
$48,800
--%
$58,000
2013
$1,641
$8,000
$34,520
--%
$42,520
2012
$2,285
$12,640
$51,320
--%
$63,960
Average Home Price in 30047
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