Property Description

Turnkey downtown UTK condo offering strong investment potential with $3,600/month in rental income--approximately a 7% return at the current price of $624,900. With student rental rates on the rise, this is a smart opportunity for investors seeking consistent cash flow in a high-demand area. It also presents a great option for parents wanting to provide housing for their UT student while making a sound financial investment.This ground-floor unit features direct access to the pool, making it especially appealing for summer living and enhancing rental desirability. Sellers are offering a $3,500 credit with an acceptable offer toward two onsite garage parking spaces, providing added convenience and value. Ideally located within walking distance to campus and downtown amenities, this property delivers both convenience and return potential.Welcome to University Tower Condominiums, ideally positioned at 1700 Clinch Avenue in the heart of downtown Knoxville and in the heart of Cumberland Avenue. This rare 3-bedroom, 2-bath main-level residence offers a strategic blend of location, stability, and long-term value -- and is zoned for short-term rental, creating flexibility for future use.Located within walking distance to the University of Tennessee (UTK), this property is perfectly positioned for student housing, game-day accommodations, or executive rental opportunities. Enjoy immediate access to the energy of Cumberland Avenue and close proximity to downtown favorites including Market Square, World's Fair Park, and Neyland Stadium.Currently tenant-occupied with leases in place through July 31, 2026, generating $3,600, per month in rental income. Leases will transfer with the sale, offering immediate cash flow for the next owner.Inside, the thoughtfully designed floor plan features durable tile and luxury vinyl plank flooring throughout, along with an in-unit washer and dryer for added convenience.As a prime main-floor unit, residents enjoy direct access to the community pool -- a highly desirable feature in downtown condo living. Garage parking availability further enhances accessibility and everyday comfort.Whether you are expanding your investment portfolio or planning for future occupancy in one of Knoxville's most dynamic corridors, this property delivers location, flexibility, and proven income potential.

Property Features

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