$565,000
Knoxville, TN 37916
MLS# 1331138
3 beds | 1032 sqft
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Property Description
Turnkey Investment | Fully Furnished | STR Approved | Prime UTK Location 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.
Details
Maps
Contract Info
Auction Y/N: No
Occupancy: Either
Listing Price: 565000
Current Price: $565,000
Status: Active
Listing Date: 2026-03-03
Location, Tax & Legal Info
Unit #: 108
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Elementary School: Sequoyah
Middle School: Bearden
Total Tax: 1226.95
High School: West
General Property Description
Type: High Rise
# Bedrooms: 3
Acre Source: Tax Records
# of Rooms: 5
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 494
HOA Freq: Monthly
HOA Contact: Barbara Mawk 615-775-9050
Property Status: N/A
SqFt - Main Lvl: 1032
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Basement: No
Bonus Room: No
SqFt - Total (Aprox): 1032
Baths - Full: 2
Year Built: 1966
Remarks & Misc
Directions: 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.
Public Remarks: Turnkey Investment | Fully Furnished | STR Approved | Prime UTK Location
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.
Atchd/Dtchd Type
Attached: 1
Style
Traditional: 1
Construction
Brick: 1
Siding
Brick: 1
Fireplace
None: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Luxury Vinyl Plank: 1
Tile: 1
Garage/Parking
Off-Street Parking: 1
Basement
None: 1
Lot Description
Zero Lot Line: 1
Fuel
Electric: 1
View
City: 1
Heat
Central: 1
Community Amenities
Elevator: 1
Security: 1
Swimming Pool: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Exterior Features
Balcony: 1
Misc Features
Washer/Dryer Connect: 1
Sewer
Public Sewer: 1
Water
Public: 1
Association Fee Incl
Pest Contract: 1
Trash: 1
Water: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 1700
Street Name: Clinch
St Suffix: Ave
State/Province: TN
Zip Code: 37916
PIN #: 094NJ01505D
Subdivision: University Tower Condo Unit 108
Geo Lat: 35.957828
Geo Lon: -83.933555
Status Change Info
Status Change Date: 2026-03-03
Property Features
Style: Traditional
Construction: Brick
Siding: Brick
Basement: None
Lot Description: Zero Lot Line
Fireplace: None
Floors: Luxury Vinyl Plank; Tile
Fuel: Electric
Heat: Central
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Sewer: Public Sewer
Water: Public
Misc Features: Washer/Dryer Connect
Exterior Features: Balcony
Community Amenities: Elevator; Security; Swimming Pool
Association Fee Incl: Pest Contract; Trash; Water
Showing: See Agent Instructns
New Financing: Cash; Conventional
IDX
Listing Office: Keller Williams Signature
Last Updated: July - 22 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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