$715,000
$750,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
116 Gay St #APT 107 Knoxville, TN 37902
3 Beds
2 Baths
1,260 SqFt
Key Details
Sold Price $715,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $567
Subdivision Sterchi Lofts Condominiums
MLS Listing ID 1239533
Sold Date 10/12/23
Style Historic
Bedrooms 3
Full Baths 2
HOA Fees $303/mo
Originating Board East Tennessee REALTORS® MLS
Year Built 1920
Lot Size 2,613 Sqft
Acres 0.06
Property Description
This unit is unique in that is only 1 of 14 units in the entire building that does not have a restriction against being used as a short-term rental like an Airbnb or VRBO. Owners can use the unit for their own personal use to attend football, baseball and basketball games, attend concerts, shows and other events or to spend holidays downtown. When owners are not using it for themselves, they can generate passive income by using it as a short-term rental. Sterchi Lofts is located in the heart of downtown Knoxville and is within walking distance of Market Square, the Old City area and the site of the new baseball stadium construction. It's also convenient to the University of TN campus and the developing South Knoxville Waterfront area. Enjoy all the best restaurants, nightlife and entertainment that downtown has to offer and generate income on the side. Furniture will all convey except any paintings. (New Owners would need to obtain their own STR permit) *Buyers to verify sq. ft. *** Buyers to verify sq. ft. *** Acceptable terms are cash or financing without appraisal contingencies. ***
Location
State TN
County Knox County - 1
Area 0.06
Rooms
Basement None
Interior
Interior Features Eat-in Kitchen
Heating Central, Electric
Cooling Central Cooling
Fireplaces Type Other, None
Fireplace No
Appliance Dishwasher, Self Cleaning Oven, Refrigerator, Microwave
Heat Source Central, Electric
Exterior
Exterior Feature Windows - Aluminum
Garage On-Street Parking, Other
Garage Description On-Street Parking, Other
Community Features Sidewalks
Amenities Available Elevator(s)
View Mountain View, Other, City
Parking Type On-Street Parking, Other
Garage No
Building
Faces Located in the Sterchi Lofts Condo complex on the beautiful historic 100 Block of Gay Street between Summit Hill and Jackson Ave.
Sewer Public Sewer
Water Public
Architectural Style Historic
Structure Type Brick,Metal Siding,Steel Siding
Others
HOA Fee Include Fire Protection,Building Exterior,Association Ins,Trash,Some Amenities,Grounds Maintenance,Pest Contract
Restrictions Yes
Tax ID 094EG04300S
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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