Listing Provided By James YEH with TruPorch Homes, 404-333-8497
Active
1416 Manchester Court SW
Lilburn, GA 30047
$359,995
- Beds
- 4
- Baths
- 2 full, 1 half
- Sq ft
- 2,464
- Price per sq ft
- $146
- Year built
- 1977
- Lot
- 0.46 acres
- Garage
- 2 spaces
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.
- Listed
- Nov 1, 2026
- Updated
- Nov 2, 2026, 11:41 PM ET
- Property type
- Residential, Single Family Residence
- Subdivision
- Manchester
- FMLS #
- 7862867
- County
- Gwinnett - GA
Interior
- Interior features
- High Ceilings 9 ft Lower, Low Flow Plumbing Fixtures
- Appliances
- Dishwasher, Electric Range, ENERGY STAR Qualified Appliances
- Flooring
- Vinyl
- Fireplaces
- 1
- Fireplace features
- Family Room
- Basement
- None
- Cooling
- Central Air
- Heating
- Forced Air
- Laundry
- Lower Level
- Kitchen
- Cabinets Stain, Eat-in Kitchen, Stone Counters
- Primary bathroom
- Double Vanity, Soaking Tub
- Levels
- Two
- Main-level bedrooms
- 0
- Main-level bathrooms
- 0
- Accessibility features
- None
- Windows
- None
Exterior
- Exterior features
- None
- Patio and porch
- None
- Construction materials
- Brick Front, HardiPlank Type
- Roof
- Composition
- Fencing
- Fenced
- Pool features
- None
- Private pool
- No
- Spa
- None
- View
- Other
- Waterfront
- None
- Foundation
- None
Lot & parking
- Lot size (acres)
- 0.46
- Lot dimensions
- x 87
- Lot features
- Corner Lot, Private
- Garage spaces
- 2
- Parking
- Garage
- Total parking spaces
- 2
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- None
- Electric
- 110 Volts
- Energy efficiency
- None
HOA & taxes
- Association
- No
- Annual tax amount
- 5220
- Tax year
- 2025
Schools & community
- Elementary school
- Head
- Middle school
- Five Forks
- High school
- Brookwood
- Subdivision
- Manchester
- County
- Gwinnett - GA
- Community features
- None
Construction
- Architectural style
- Colonial, Traditional
- Year built
- 1977
- Property subtype
- Single Family Residence
- Condition
- Resale
- Building area (total)
- 2464
Location
Payment estimate
An estimate by Abbe Real Estate. It is not a loan offer, and it is not information from FMLS.
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