1416 Manchester Court SW Lilburn, GA $ 369,995
1416 Manchester Court SW
$ 369,995
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1416 Manchester Court SW

Lilburn, GA, 30047
$ 369,995
Baths0.0

Monthly Estimate*

$ 2,278

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Studio

Multi-Family Home for sale in Lilburn, GA

for $369,995. This home was built in 1977 on a lot size of 0.46.

$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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Multi-Family Active

Price

$ 369,995

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,220

Style

Lot Size

0.46

Year Built

1977

Town/City

Lilburn

County/Region

Gwinnett

MLS | Web ID

7714539

Features
General
Sewer Septic Tank
Heating Forced Air
Cooling Central Air
Utilities None
Roof Composition
Security Features None
Construction Materials Brick Front HardiPlank Type
Year Built 1977
View Other
Levels Two
Property Subtype Other
Tax Year 2025
Parcel Number R6085 064
Gross Income 72000
Waterfront Features None
Community Features None
Accessibility None
County Gwinnett - GA
Net Operating Income 55170
Operating Expense 16830
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Manchester
Green Energy Generation None
Status Active
Directions GPS
High School Brookwood
City Lilburn
Body of Water None
Number Of Units Total 6
Elementary School Head
Property Attached 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
Cap Rate 15
Freehold IDX
Corporate Owner None
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Interior
Flooring Vinyl
Window Features None
Total Baths 0
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Exterior
Fencing Fenced
Parking Features Garage
Lot Features Corner Lot Private
Water Source Public
Total Parking 2
Lot Dimensions x 87
Lot Size Acres 0.46
Lot Size Source Public Records
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* Excluded Features
List By
James YEH

Listing Agent

Truporch Homes

Broker

james@truporchhomes.com

Email

Affordability Calculator

$2,713
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,278
Monthly Property Taxes
$435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4134409 Elementary School
4134327 Middle School
Brookwood High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2026$369,995 Listed Price

Map


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1416 Manchester Court SW, Lilburn, GA, 30047 is a Multi-Family Home for sale at $369,995 with a lot size of 0.46. 1416 Manchester Court SW is a studio with 0.0 baths and was built in 1977. The property's zip code is 30047 which is in Lilburn, GA