Address
1416 Manchester Court Sw, Lilburn, GA
Price
$ 359,995
Property Attributes
- MLS#7836816
- TypeSingle Family
- Listing Status Active
- CountyGwinnett
- CityLilburn
- NeighborhoodManchester
- Zip30047
- StyleColonial, Traditional
- Year Built1977
- Taxes$ 5220
- Price$ 359,995
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Lot Size0.46 Acres
Data Source:
First Multiple Listing Services (FMLS)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Head Elementary School | Five Forks Middle School | Brookwood High School |
| Price History | |
|---|---|
| 9/11/2026 | Listed $359,995 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Utilities | None |
| Roof | Composition |
| Appliances | Dishwasher,Electric Range,ENERGY STAR Qualified Appliances |
| Garage Spaces | 2 |
| Patio/Porch Features | None |
| Architectural Style | Colonial,Traditional |
| Pool Features | None |
| Security Features | None |
| Construction Materials | Brick Front,HardiPlank Type |
| Year Built | 1977 |
| Electric | 110 Volts |
| View | Other |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Parcel Number | R6085 064 |
| Waterfront Features | None |
| Community Features | None |
| Accessibility | None |
| County | Gwinnett - GA |
| Property Type | Residential |
| HOA | false |
| Energy Efficient | None |
| Subdivision Name | Manchester |
| Green Energy Generation | None |
| Other Structures | None |
| Full Baths | 2 |
| Status | Active |
| Directions | n/a |
| High School | Brookwood |
| City | Lilburn |
| Body of Water | None |
| Spa Features | None |
| Elementary School | Head |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 5220 |
| Home Warranty Y/N | false |
| Middle/Junior High School | Five Forks |
| Property Condition | Resale |
| Standard Status | Active |
| Tax Lot | 1 |
| Freehold | IDX |
| Corporate Owner | None |
Interior Features
| Interior Amenities | High Ceilings 9 ft Lower,Low Flow Plumbing Fixtures |
|---|---|
| Basement | None |
| Flooring | Vinyl |
| Total Fireplaces | 1 |
| Fireplace Features | Family Room |
| Common Walls | No Common Walls |
| Window Features | None |
| Half Baths | 1 |
| Laundry Features | Lower Level |
| Total Bedrooms | 4 |
| Room Type | Den,Living Room |
| Kitchen Features | Cabinets Stain,Eat-in Kitchen,Stone Counters |
| Total Baths | 3 |
| RoomBedroomFeatures | None |
| Primary Bathroom Features | Double Vanity,Soaking Tub |
| Dining Room Features | Separate Dining Room |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Fencing | Fenced |
| Parking Features | Garage |
| Lot Features | Corner Lot,Private |
| Water Source | Public |
| Total Parking | 2 |
| Foundation Details | None |
| Building Area Total | 2464 |
| Lot Dimensions | x 87 |
| Lot Size Acres | 0.46 |
| Road Surface Type | Paved |
| Lot Size Source | Public Records |
| Road Frontage Type | Private Road |
| Other Equipment | None |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 30047
Statistics provided by Inside Real Estate
Price
Taxes
Year Built
In The Neighborhood
Primary On Main
Lilburn
$ 349,900
1398 Fairfield Drive Sw
Lilburn, GA 30047
- Type
- Single Family
- Rooms
- 3 Beds + 2 Baths
Views
Lilburn
$ 349,900
1398 Fairfield Drive Sw
Lilburn, GA 30047
- Type
- Single Family
- Rooms
- 3 Beds + 2 Baths
Views
Conyers
$ 295,000
1808 Francon Court Sw
Conyers, GA 30094
- Type
- Single Family
- Rooms
- 4 Beds + 2 Baths
Eco Friendly
Conyers
$ 295,000
1808 Francon Court Sw
Conyers, GA 30094
- Type
- Single Family
- Size
- 2,044 SqFt
- Rooms
- 4 Beds + 2 Baths
Reduced
Conyers
$ 314,500
4530 Wentworth Place Sw
Conyers, GA 30094
- Type
- Single Family
- Rooms
- 4 Beds + 2.5 Baths
Reduced
Conyers
$ 314,500
4530 Wentworth Place Sw
Conyers, GA 30094
- Type
- Single Family
- Size
- 1,920 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Reduced
Lilburn
$ 320,000
1373 Fairfield Drive Sw
Lilburn, GA 30047
- Type
- Single Family
- Rooms
- 4 Beds + 3 Baths
©2026 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
