116 S Gay St # 205
Knoxville, TN, 37902 $ 1,100,000
Bedrooms4 Baths2.0 Sq 2,130 Monthly Estimate*
$ 6,588
for $1,100,000 with 4 bedrooms and 2 full baths. This 2,130 square foot condo was built in 1920 on a lot size of 0.05.
Welcome to this rare gem in the heart of downtown Knoxville! This Turn-Key, fully furnished and ready to operate 4-bedroom, 2-bathroom Short Term Rental boasts an impressive 2,130 square feet of living space and comfortably sleeps up to 14 guests. Perfectly suited for large groups visiting for sporting events, concerts, weddings, or family vacations, this property combines the best of comfort and convenience. Key Features: Spacious Living: With ample room to accommodate up to 14 guests, this unit is ideal for both relaxing and entertaining. The open-concept living area provides a perfect gathering spot for your group. Prime Location: Situated just steps away from Knoxville's vibrant entertainment district, you'll be immersed in a world of music, dining, and nightlife. Explore the city's best restaurants, bars, and cultural attractions without needing a car. Breathtaking Views: Enjoy a stunning view from the massive window overlooking the historic 100 block of the Arts District. This prime vantage point offers a spectacular view of holiday decor, parades, and local events. Versatile Use: As a short-term rental, this unit provides a fantastic opportunity to generate income while also allowing owners to enjoy it for personal entertainment. Use it as a lucrative investment or a luxurious retreat for your own getaways. Proximity to UT: Just a short drive away from the University of Tennessee, this property is an excellent choice for attending football, baseball, and basketball games. Holiday and Event Ready: Whether it's the festive holiday season or a special event, the location and space make it easy to enjoy and celebrate in style. Additional Amenities: Fully equipped kitchen Comfortable bedding and linens Modern, stylish furnishings High-speed internet ready Parking options available nearby This downtown unit offers an unbeatable combination of space, location, and income potential. Don't miss your chance to own a piece of Knoxville's vibrant downtown scene. Contact us today for more information or to schedule a viewing!
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FeaturesGeneralInterior Features Elevator Island in Kitchen Eat-in Kitchen
Sewer Public Sewer
Heating Central Electric
Cooling Central Cooling
Appliances Dishwasher Dryer Microwave Range Refrigerator Self Cleaning Oven Smoke Detector Washer
Exterior Features Windows - Aluminum
HOA Fee 512.0
Association Fee Includes Fire Protection Building Exterior Association Ins Trash Some Amenities Grounds Maintenance Pest Contract
Architectural Style Historic
Construction Materials Brick Steel Siding
Year Built 1920
View Mountain View Other City
Unit Number 205
Building Design Condominium
Community Features Sidewalks
Assoc Fee Paid Per Monthly
County Knox County - 1
Property Type Single Family
Association Amenities Elevator(s)
HOA Y
Attached Garage N
Subdivision Name Sterchi Lofts Condos Unit 205
Garage Y/N N
Total Rooms 6
Full Baths 2
Status Active
Directions Located on the historic 100 block of the Downtown Arts District near the intersection of Summit Hill and South Gay Street
City Knoxville
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 2178.0
Carport Y/N N
Electric On Property Y/N N
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Knox County - 1
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Financing Cash True
New Financing Coventional True
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InteriorBasement None
Total Fireplaces 0
Fireplace Features Other None
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 4
Total Baths 2
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ExteriorParking Features On-Street Parking Other Off-Street Parking
Water Source Public
Lot Size Area 0.05
Spa N
Building Area Total 2130.0
Lot Size Acres 0.05
Lot Size Source Tax Records
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByTerminus Real Estate, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $6,588
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% 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.
Learn more about how to save NearbyCondo listings in Knoxville, TN
Average List Price $424,764
Percent of Sale Price 61%
About Knoxville, TN 192,776 Population
8% Since 2002
$ 37,359 Median Income
35.08 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
694100 Elementary School
694101 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/24/2024 | $1,100,000 | -8.33% | Price Down |
| 8/28/2024 | $1,200,000 | | Listed Price |