1416 Manchester Ct SW
Description
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...$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 by James YEH • TruPorch Homes
Property Details for 1416 Manchester Court Southwest
Property Details for 1416 Manchester Court Southwest
| Status | Active |
|---|---|
| MLS # | 7714539 |
| Days on Market | 2 |
| Taxes | $5,220 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Other |
| Year Built | 1977 |
| Lot Size | 0.46 AC / 20,037 SF |
| County | Gwinnett County |
Location
Building Information for 1416 Manchester Court Southwest
Payment Calculator
$2,238 per month
30 year fixed, 6.15% Interest
$1,803
$435
$0
Property Information for 1416 Manchester Court Southwest
- Community Features: None
- Directions: GPS
- Lake Name: None
- View: Other
- Coordinates: -84.061232, 33.868137
- Parcel Number: R6085 064
- Tax Year: 2025
- Association: No
- Block: 2
- Tax Legal Description: L17 BB MANCHESTER
- Tax Lot: 1
- Elementary School: Head
- High School: Brookwood
- Middle School: Five Forks
- Virtual Tour Link PP: https://www.propertypanorama.com/1416-Manchester-Court-SW-Lilburn-GA-30047/unbranded
- Cooling: Central Air
- Heating: Forced Air
- Flooring: Vinyl
- Levels/Stories: Two
- Window Features: None
- Bathrooms Total Interger: 0
- Accessibility Features: None
- Construction Materials: Brick Front, HardiPlank Type
- Fencing: Fenced
- Roof Type: Composition
- Security Features: None
- Pool Private: No
- Sewer: Septic Tank
- Utilities: None
- Water Source: Public
- Home Warranty: No
- Plat Book: 53608
- Plat Page: 599
- Property Condition: Resale
- Green Energy Efficient: None
- Green Energy Generation: None
- Section/GMD: n/a
- Land lot: 1
- Lot Features: Corner Lot, Private
- Acreage Source: Public Records
- Lot Size Dimensions: x 87
- Unit Count: 1
- NUM OF UNITS: 6
- Gross Annual Income: $72,000.00
- N.O.I. $: $55,170.00
- Annual Expenses: $16,830.00
- Unit Deposit Amount: $6,000.00
- Unit Electric Included: Yes
- Unit Features: Central Air, Dishwasher, Refrigerator
- Unit Garbage Included: Yes
- Unit Gas Included: Yes
- Unit Half Baths: 1
- Unit Maintenance Included: Yes
- Unit Occupant: Tenant Occupies
- Unit Water Included: Yes
- Unit Rent Amount: $6,000.00
- Unit Full Baths: 2
- Unit Bedrooms: 4
- Occupant Types: Tenant
Property History for 1416 Manchester Court Southwest
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 22, 2017 | Sold (Public Record) Public Record #596995646 | $155,000 | -0.6% / yr |
| Mar 12, 2004 | Sold (Public Record) Public Record #422703026 | $167,500 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/22/2017 | Sold (Public Record) Public Record #596995646 | $155,000 -0.6% / yr |
| 03/12/2004 | Sold (Public Record) Public Record #422703026 | $167,500 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1416 Manchester Court Southwest
Schools near 1416 Manchester Court Southwest
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Head Elementary School PublicPK to 5 | ||
Five Forks Middle School Public6 to 8 | ||
Brookwood High School Public9 to 12 | ||
Oakland Meadow School PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of TruPorch Homes, James YEH
Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
