$240,000
$250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
418 SqFt
SOLD DATE : 10/06/2025
Key Details
Sold Price $240,000
Property Type Condo
Sub Type Flat Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 418 sqft
Price per Sqft $574
Subdivision Studio 1 Lofts
MLS Listing ID 2971742
Bedrooms 1
Full Baths 1
HOA Fees $210/mo
Year Built 1955
Annual Tax Amount $1,396
Lot Size 435 Sqft
Property Sub-Type Flat Condo
Property Description
Take advantage of bonus depreciation with this non-owner occupant short-term rental (NOO STR) eligible condo which is conveniently located just off 8th Avenue, offering easy access to a diverse selection of restaurants and shops. Walkable to 12 South, eateries and hot spots on 8th Avenue Melrose area. It's a short drive to popular Nashville hotspots such as Broadway, the Gulch, Geodis Park, Vanderbilt, Belmont, Green Hills and the airport. Modern convenience harmonizes with retro charm in this prime location under Berry Hill, offering benefits with fewer restrictions compared to Nashville for permitting. With occupancy rates ranging from 65% to 80%, this property holds the potential to generate in excess of $40,000 in income. Renovated, this unit presents a smart investment opportunity, combining style and functionality. It comes furnished, making it ready for rental, ideal for a part-time resident in Nashville, travel nurses or a college student. The property features a swimming pool and a community patio, perfect for relaxing after a day of exploring the vibrant local attractions. Parking is hassle-free with an on-site parking lot located just steps from the front door, and you can enjoy views of the pool and patio. Take advantage of this opportunity to invest in a property that promises both comfort and a lucrative return.
Location
State TN
County Davidson County
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Asphalt
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Waverly-Belmont Elementary School
Middle Schools John Trotwood Moore Middle
High Schools Hillsboro Comp High School
Others
Special Listing Condition Standard
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308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States