$1,950,000
$1,899,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
8,100 SqFt
SOLD DATE : 07/12/2024
Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $240
MLS Listing ID 7367969
Sold Date 07/12/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1964
Annual Tax Amount $14,242
Tax Year 2023
Lot Size 0.420 Acres
Acres 0.42
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 Apart
Lake Name None
Rooms
Other Rooms None
Basement Daylight, Exterior Entry, Partial
Interior
Interior Features Other
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Ceramic Tile, Hardwood
Window Features None
Exterior
Garage Parking Lot
Fence None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Other
Street Surface Paved
Accessibility None
Handicap Access None
Total Parking Spaces 22
Private Pool false
Building
Lot Description Free Standing
Story Three Or More
Foundation See Remarks
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Others
Senior Community no
Tax ID R6254 160
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Compass