4 Beds
2.5 Baths
2,464 SqFt
4 Beds
2.5 Baths
2,464 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $146
Subdivision Manchester
MLS Listing ID 7862867
Style Colonial,Traditional
Bedrooms 4
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1977
Annual Tax Amount $5,220
Tax Year 2025
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Single Family Residence
Source First Multiple Listing Service
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.
Location
State GA
County Gwinnett
Area Manchester
Lake Name None
Rooms
Bedroom Description None
Other Rooms None
Basement None
Dining Room Separate Dining Room
Kitchen Cabinets Stain, Eat-in Kitchen, Stone Counters
Interior
Interior Features High Ceilings 9 ft Lower, Low Flow Plumbing Fixtures
Heating Forced Air
Cooling Central Air
Flooring Vinyl
Fireplaces Number 1
Fireplaces Type Family Room
Equipment None
Window Features None
Appliance Dishwasher, Electric Range, ENERGY STAR Qualified Appliances
Laundry Lower Level
Exterior
Exterior Feature None
Parking Features Garage
Garage Spaces 2.0
Fence Fenced
Pool None
Community Features None
Utilities Available None
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Street Surface Paved
Accessibility None
Handicap Access None
Porch None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Corner Lot, Private
Story Two
Foundation None
Sewer Septic Tank
Water Public
Architectural Style Colonial, Traditional
Level or Stories Two
Structure Type Brick Front,HardiPlank Type
Construction Status Resale
Schools
Elementary Schools Head
Middle Schools Five Forks
High Schools Brookwood
Others
Senior Community no
Restrictions false
Nearby Locations