170 N Peachtree Street Norcross, GA $ 1,899,000
170 N Peachtree Street
$ 1,899,000
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170 N Peachtree Street

Norcross, GA, 30071
$ 1,899,000
Baths0.0 Sq 8,100

Monthly Estimate*

$ 12,621

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Studio

Commercial Property for sale in Norcross, GA

for $1,899,000. This 8,100 square foot building was built in 1964 on a lot size of 0.42.

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!

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Commercial Pending

Price

$ 1,899,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 14,242

Style

Condominium

Lot Size

0.42

Year Built

1964

Town/City

Norcross

County/Region

Gwinnett

MLS | Web ID

7367969

Features
General
Interior Features Other
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Available Natural Gas Available Sewer Available Water Available
Possession Close Of Escrow
Roof Other
Zoning Apart
Security Features Fire Alarm
Construction Materials Brick 4 Sides
Year Built 1964
Electric Other
View Other
Levels Three Or More
Property SubType Condominium
Tax Year 2023
Gross Income 179759
Business Type Residential
Waterfront Features N
Accessibility None
County Gwinnett - GA
Net Operating Income 104972
Operating Expense 56808
Property Type Commercial Sale
HOA / Comm Assn No
Energy Efficient None
Green Energy Generation None
Other Structures None
Status Pending
Directions Please use GPS
City Norcross
Body of Water None
Street Name Peachtree
Property Attached Y/N No
Tax Annual Amount 14242
Home Warranty Y/N No
Property Condition Resale
Days on Market 13
Standard Status Pending
Occupancy Type Tenant
Tax Lot 0
Cap Rate 6.25
Legal Description N PEACHTREE ST
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Interior
Basement Daylight Exterior Entry Partial
Flooring Carpet Ceramic Tile Hardwood
Window Features None
Street Suffix Street
Total Baths 0
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Exterior
Fencing None
Parking Features Parking Lot
Lot Features Free Standing
Water Source Public
Total Parking 22
Foundation Details See Remarks
Number of Buildings 1
Building Area Total 8100
Lot Dimensions x
Lot Size Acres 0.42
Road Surface Type Paved
Lot Size Source Owner
Road Frontage Type Other
Other Equipment None
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Internal Only
Street Number 1 170
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* Excluded Features
List By
Elizabeth Muetzelfeld

Listing Agent

Peach State Realty

Broker

BethMuetz@gmail.com

Email

Affordability Calculator

$13,808
Per Month
91%
9%
0%
Monthly Principal & Interest
$12,621
Monthly Property Taxes
$1,187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1928881 Elementary School
1929148 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2024$1,899,000 Listed Price

Map


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170 N Peachtree Street, Norcross, GA, 30071 is a Commercial Property for sale at $1,899,000 with 8,100 sqft and a lot size of 0.42. 170 N Peachtree Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 30071 which is in Norcross, GA