3 Beds
2 Baths
1,032 SqFt
3 Beds
2 Baths
1,032 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,032 sqft
Price per Sqft $566
Subdivision University Tower Condo Unit 108
MLS Listing ID 1331138
Style Traditional
Bedrooms 3
Full Baths 2
HOA Fees $494/mo
Year Built 1966
Property Sub-Type Condominium
Source East Tennessee REALTORS® MLS
Property Description
Exceptional investment opportunity in the heart of downtown Knoxville! This fully furnished 3-bedroom, 2-bath condo is currently leased to University of Tennessee students through July 31, 2026, generating $3,600 per month in rental income with immediate cash flow from day one. Current tenants are paying below-market rent, providing the next owner with the opportunity to increase rental income upon lease renewal.
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.
Location
State TN
County Knox County - 1
Rooms
Basement None
Interior
Heating Central, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Dryer, Range, Refrigerator, Washer
Heat Source Central, Electric
Exterior
Exterior Feature Balcony
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Pool true
Amenities Available Swimming Pool, Elevator, Security
View City
Garage No
Building
Lot Description Zero Lot Line
Faces From I-40 take the 17th Street exit south towards Cumberland Avenue and The University of Tennessee. . University Tower building 5-6 blocks on the right, on the corner of 17th Street and Clicnch Avenue.
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick
Schools
Elementary Schools Sequoyah
Middle Schools Bearden
High Schools West
Others
HOA Fee Include Pest Contract,Trash,Water
Restrictions Yes
Tax ID 094NJ01505D
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional