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$359,995
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$5,220 |
1977 |
|
On the market:
30 days
|
View full details, photos, school info, and price history
$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.
Listing courtesy of James YEH, TruPorch Homes