1416 Manchester Court Sw, Lilburn, GA 30047
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
1416 Manchester Court Sw,Lilburn, GA 30047
$359,995
- 4 Beds
- 3 Baths
- 2,464 sq. ft.
- Single family
- Active
Listed by: james yeh
Office: truporch homes
MLS#:7862867
Source:FIRSTMLS
Price summary
- Price:$359,995
- Price per sq. ft.:$146.1
About this home
OWNER FINANCING AVAILABLE — NO BANK QUALIFYING. 25% down, 8% fixed, payments from $1,982/mo (or: 30% down, payments from $1,850/mo). Turnkey, fully furnished short-/mid-term rental with proven in-place income: $28,155 gross revenue over the trailing twelve months, 100% occupancy. Offered as a business in a box — furniture, operating systems, and booking history convey. Built for STR/MTR operators and portfolio investors priced out by bank DSCR loans: close in as little as 21 days and earn from day one. Also available for cash or conventional purchase at list price. Seller financing offered on select assets; terms subject to buyer qualification.
$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....
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Home facts
- Year built:1977
- Subdivision & Development:Manchester
- Listing ID #:7862867
- Updated:November 05, 2026 at 02:24 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Vinyl
- Dining Description:Separate Dining Room
- Bathrooms Description:Double Vanity, Soaking Tub
- Kitchen Description:Cabinets Stain, Dishwasher, Eat-in Kitchen, Electric Range, Stone Counters
- Living area:2,464 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1977
- Building area:2,464 sq. ft.
- Lot area:0.46 Acres
- Lot Features:Corner Lot, Private
- Architectural Style:Colonial, Traditional
- Construction Materials:Brick Front, HardiPlank Type
- Levels:2 Story
Schools
- High school:Brookwood
- Middle school:Five Forks
- Elementary school:Head
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$359,995
- Price per sq. ft.:$146.1
- Tax amount:$5,220 (2025)
Features and amenities
- Laundry features:Lower Level
- Amenities:ENERGY STAR Qualified Appliances, High Ceilings 9 ft Lower, Low Flow Plumbing Fixtures
Parking
- Total parking spaces:2
- Parking description:Garage
- Garage spaces:2
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