Listing provided by: Julie Carter · Keller Williams Signature
Source: East Tennessee REALTORS® MLS · MLS# 1331138
Listing last updated
About this home
****7% ROI & STR Approved *** Turnkey downtown UTK condo generating $3,600/month (~7% return at $609,900) and is short-term rental approval, offering both immediate cash flow and long-term flexibility. Ideal for investors seeking consistent income or parents looking to secure housing for their UT student while building equity. Tenant-occupied through July 31, 2026, with leases transferring at closing--providing instant, stable returns. This rare 3-bedroom, 2-bath ground-floor unit at University Tower Condominiums features direct pool access, enhancing both lifestyle appeal and rental desirability--especially during peak summer months. Inside, enjoy a functional layout with tile and luxury vinyl plank flooring throughout plus an in-unit washer and dryer for added convenience. Located at 1700 Clinch Avenue in the heart of Cumberland Avenue, you're just steps from UTK campus, with walkable access to dining, nightlife, and downtown Knoxville hotspots including Market Square, World's Fair Park, and Neyland Stadium. Whether you're expanding your portfolio or planning ahead for future occupancy, this property delivers location, flexibility, and proven income performance in one of Knoxville's strongest rental markets.
Facts & features
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Half bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling, Ceiling Fan(s)
- Included: Dishwasher, Dryer, Range, Refrigerator, Washer
- Flooring: Tile
- Total rooms: 5
- Total interior livable area: 1,032 sqft
- Parking features: Off-Street Parking
- Attached garage: No
- Features: Zero Lot Line
- Exterior features: Balcony
- View: City
- Parcel number: 094NJ01505D
- Home type: Single Family
- Property subtype: Condominium
- Structure: High Rise
- Architectural style: Traditional
- Materials: Brick
- Year built: 1966
- Sewer: Public Sewer
- Water: Public
- Subdivision: University Tower Condo Unit 108
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Has HOA: Yes
- HOA fee: $494 monthly
- Includes: Pest Contract, Trash, Water
- Price: $609,900
- Price per square foot: $591/sqft
- Annual tax: $1,226.95
- Listing terms: Cash, Conventional
- Date on market: Mar 3, 2026
- Days on market: 125
- Status: Active
- MLS #: 1331138
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