$549,000

About this home

Turnkey Investment | Fully Furnished | STR Approved | Prime UTK Location **Seller offering $3,500 credit to pay for 2 onsite garage parking spaces** Exceptional investment opportunity in the heart of downtown Knoxville! This fully furnished 3-bedroom, 2-bath condo was leased to University of Tennessee students through July 31, 2026, generating $3,600 per month in rental income, tenants were paying below-market rent, providing the next owner with the opportunity to increase rental income. Approved for short-term rentals, this property offers outstanding flexibility--continue leasing to UT students, operate as a short-term rental, or secure premier housing for your own future Vol while building equity. This rare ground-floor unit at University Tower Condominiums features direct access to the community pool, making it especially desirable for both long-term tenants and short-term guests. Inside you'll find durable tile and luxury vinyl plank flooring throughout, a spacious and functional layout, an in-unit washer and dryer, and the convenience of being sold completely furnished--making it truly move-in or rent-ready. Garage parking is available, a valuable amenity in downtown Knoxville that adds convenience for residents and guests alike. Located at 1700 Clinch Avenue, just steps from the University of Tennessee campus, Cumberland Avenue, restaurants, shopping, nightlife, and downtown Knoxville favorites including Market Square, World's Fair Park, and Neyland Stadium. This is excellent UT student housing and an exceptional opportunity for investors seeking reliable rental income or parents looking to purchase a home for their student while building long-term equity. With immediate income, future rental upside, STR approval, and one of the best locations near campus, this property offers the perfect combination of convenience, flexibility, and investment potential.

Features

Location