116 Gay St #108, Knoxville, TN 37902
116 Gay St #108, Knoxville, TN 37902
116 Gay St #108, Knoxville, TN 37902
116 Gay St #108, Knoxville, TN 37902
116 Gay St #108, Knoxville, TN 37902
116 Gay St #108, Knoxville, TN 37902
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$ 430,000
Est. payment | /mo

1 Bed

1 Bath

620 SqFt


Save
$ 430,000
Est. payment | /mo
Save

1 Bed

1 Bath

620 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 620 sqft

Price per Sqft $693

Subdivision Sterchi Lofts Condos Unit 108

MLS Listing ID 1358295

Style Historic

Bedrooms 1

Full Baths 1

HOA Fees $151/mo

Year Built 1920

Lot Size 435 Sqft

Acres 0.01

Property Sub-Type Condominium

Source East Tennessee REALTORS® MLS

Property Description

TURNKEY SHORT-TERM RENTAL OPPORTUNITY IN THE HEART OF DOWNTOWN KNOXVILLE! Located in the historic Sterchi Lofts building, this fully furnished, loft-style condominium offers an exceptional opportunity to own a piece of downtown Knoxville while enjoying the flexibility of a personal retreat or investment property.

Currently operated as a short-term rental, this property is being offered completely furnished and ready to go, providing an attractive opportunity for buyers looking to enter Knoxville's downtown vacation rental market without the hassle of furnishing and setting up a property from scratch. A loft style area was added to increase the sleeping capacity of the unit.

Inside, you'll find an inviting open-concept loft with oversized windows that fill the space with natural light, comfortable living and sleeping areas, a fully equipped kitchen, and the convenience of an in-unit washer and dryer. The stylish furnishings and thoughtful layout create a welcoming atmosphere for guests visiting Knoxville for weekend getaways, University of Tennessee events, concerts, business trips, and downtown entertainment.

Step outside and experience some of the very best that Knoxville has to offer. Situated in the vibrant Arts District and just steps from the Old City, this property places restaurants, coffee shops, breweries, galleries, and nightlife practically at your doorstep. Market Square and Gay Street are just a short stroll away, offering an incredible selection of dining, shopping, entertainment, and year-round events. Enjoy convenient access to the Tennessee Theatre, Bijou Theatre, World's Fair Park, the University of Tennessee, and Knoxville's exciting downtown attractions, including Covenant Health Park.

For investors, the combination of a highly walkable downtown location, established short-term rental use, and a completely furnished interior makes this a compelling opportunity. For those seeking a second home or downtown getaway, enjoy the convenience of having your own place in the center of Knoxville's thriving urban scene.

Whether you're looking to expand your investment portfolio or enjoy downtown Knoxville living, this Sterchi Lofts condominium offers location, character, convenience, and flexibility in one exceptional package.

Buyers to verify Sq ft, HOA, and Taxes

Location

State TN

County Knox County - 1

Area 0.01

Rooms

Basement None

Interior

Interior Features Elevator, Eat-in Kitchen

Heating Central, Electric

Cooling Central Cooling

Flooring Other

Fireplaces Type None

Fireplace No

Window Features Windows - Aluminum

Appliance Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer

Heat Source Central, Electric

Exterior

Exterior Feature Windows - Aluminum

Parking Features On-Street Parking, Off-Street Parking, Other

Garage Description On-Street Parking, Off-Street Parking, Other

Community Features Sidewalks

Amenities Available Elevator

View City

Garage No

Building

Lot Description Other

Faces Located at the 100 block on the corner of Summit Hill and S Gay St

Sewer Public Sewer

Water Public

Architectural Style Historic

Structure Type Steel,Stone,Brick,Other

Others

HOA Fee Include Pest Contract,Fire Protection,Building Exterior,Association Ins,Trash,Some Amenities,Grounds Maintenance

Restrictions Yes

Tax ID 094EG04300T

Security Features Smoke Detector

Energy Description Electric

Acceptable Financing Alternative, Cash

Listing Terms Alternative, Cash

Listed by Terminus Real Estate, Inc.

Schools and Properties Nearby

Stacy Dunn

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(423) 540-3410

stacydunnhomes@gmail.com

9041 Executive Park Dr, Knoxville, TN 37923-4609, USA

Learn More About LPT Realty

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116 Gay St #108