Bought with Tuy Luong • Compass
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170 N Peachtree ST Norcross, GA 30071
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Key Details
Sold Price $1,950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Steele Apartments
MLS Listing ID 10282406
Sold Date 07/12/24
Construction Status Resale
Year Built 1964
Annual Tax Amount $14,034
Tax Year 2022
Lot Size 0.420 Acres
Property Description
Welcome to this charming multi-unit apartment building nestled in the heart of historic downtown Norcross, offering a perfect blend of contemporary living with a touch of old-world charm. Discover the ideal mix of city living and nature's tranquility conveniently located within walking distance of Thrasher Park, gourmet restaurants, trendy cafes and boutiques. This property boasts a collection of ten well-appointed units each designed for comfort and functionality. The building's historic architecture adds character and allure to the living spaces. Each unit has a spacious living area, two bedrooms, a full bathroom and an eat-in kitchen. Many of the units have been updated to ensure a comfortable living experience for residents. While nine of the units are currently leased, the additional unit is being renovated and will be leased after completion. Traditionally, Steele Apartments has a low vacancy rate. The desirable location enhances the property's value and rental potential. Tenants also enjoy the communal outdoor space, perfect for relaxation and social gatherings. With its desirable location and attractive features, this property presents an excellent investment opportunity for savvy investors. Don't miss out on the chance to own a piece of history in the vibrant downtown Norcross area. Schedule a viewing today and explore the endless possibilities Steele Apartments has to offer!
Location
State GA
County Gwinnett
Zoning Rm-Multi-Family Residence
Interior
Heating Forced Air
Cooling Central Air, Fans
Flooring Carpet, Hardwood, Tile
Exterior
Parking Features Parking Lot
Garage Spaces 22.0
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Composition
Building
Sewer Public Sewer
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
Special Listing Condition Estate Owned, Investor Owned, No Disclosure
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