Property Description

****7% ROI | STR Approved | 2 Garage Parking Spots Free for 1 Year****Turnkey downtown UTK condo generating $3,600/month (~7% return at $624,900) with short-term rental approval, offering both immediate cash flow and long-term flexibility. Seller is offering a $3,500 credit toward two onsite garage parking spaces, adding valuable convenience in this high-demand location.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.

Property Features

Local Schools