2201 Lake Ave
Knoxville, TN 37916
- 3 beds
- 2 baths
- 1,080 sqft
- $453 per sqft
- 1995 build
- – on site
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Location, Location, Location! This fully renovated 3-bedroom, 2-bathroom condo sits in the heart of Knoxville—within walking distance of the University of Tennessee campus. Positioned at the corner of Volunteer Blvd, Lake Avenue, and 22nd Street (just behind Sunspot and Casey's), it offers unbeatable accessibility for students and professionals alike. Properties in this prime location are in constant demand, making this a rental goldmine. Turnkey Investment with Immediate Cash Flow! This condo is already generating income, rented for: * $2,850/month until August 1, 2025 * $3,075/month until July 31, 2026 With minimal effort, you'll earn a positive cash flow of over $22,500/year if purchased with cash—right from day one! This kind of stability is rare for investment properties in high-demand markets. The entire condo was renovated in 2021 with premium finishes: * New custom white shaker cabinets, large island with beautiful granite countertops. * Sleek stainless steel appliances * Updated bathrooms with stylish vanities and fixtures * New HVAC system installed in 2020; water heater and washer/dryer in 2021 * New Flooring throughout Hassle-Free Amenities & Parking. - 2 dedicated parking spaces (including 1 covered) - Extra parking available on surrounding streets - HOA fees cover internet, water/sewer, exterior maintenance, groundskeeping, and master insurance As Knoxville continues to grow and rental demand near UT remains high, this property offers incredible potential for long-term appreciation. You're not just buying a condo—you're securing an asset in a recession-resistant rental market backed by a continuous influx of students, faculty, and professionals. Need Property Management? As a specialist in property management, Michele Garren with Garren Realty LLC can help you maximize your returns and simplify the rental process. From tenant placement to ongoing maintenance, we offer full-service solutions to help you get the most from your investment. Ask us how we can manage this property for you! All information deemed reliable but not guaranteed. Buyer should verify all details, including measurements and HOA rules to their satisfaction.
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Last updated Mar 7, 2025
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MLS# 1290758 —
The Building
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Year Built:1995
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New Construction:No
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Construction Materials:Stucco, Brick
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Architectural Style:Other
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Direction Faces:None
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Roof:None
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Stories:None
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Stories Total:None
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Basement:Slab
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Basement:false
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Unit Number:204
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Exterior Features:Balcony
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Security Features:Smoke Detector
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Accessibility Features:None
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Building Area Total:1080.0
Interior
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Interior Features:Island in Kitchen, Pantry, Walk-In Closet(s), Breakfast Bar
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Levels:None
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Flooring:Carpet, Vinyl, Tile
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Fireplace:false
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Financial & Terms
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Listing Terms:Alternative, New Loan, Cash, Conventional
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Possession:None
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Lease Term:None
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Tenant Pays:None
Location
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Directions:On Cumberland Avenue going East toward downtown take a right on 22nd Street. Complex on the corner of 22nd Street and Lake Avenue (behind Caseys and Sunspot).
The Property
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Parcel Number:108CK01900M
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Property Type:Single Family
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Property Subtype:Condominium
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Lot Features:Corner Lot
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Lot Size Source:Tax Records
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Zoning:None
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Zoning Description:None
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Current Use:None
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Possible Use:None
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Topography:None
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Fencing:Fenced - Yard
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:None
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Property Attached:true
Listing Agent
- Contact info:
- Office phone:
- (865) 500-5011
Taxes
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Tax Annual Amount:2399.18
Beds
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Bedrooms Total:3
Baths
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Total Baths:2.0
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Total Baths:2
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Three Quarter Baths:None
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Full Baths:2
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Partial Baths:None
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Quarter Baths:None
The Listing
Heating & Cooling
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Heating:Central, Heat Pump, Electric
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Heating:true
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Cooling:Central Cooling, Ceiling Fan(s)
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Cooling:true
Utilities
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Electric:None
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
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Microwave:true
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Dishwasher:true
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Refrigerator:true
Schools
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Elementary School District:None
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Middle Or Junior School District:None
The Community
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Park Name:None
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Senior Community:No
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Community Features:Sidewalks
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Pool Private:No
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Spa Features:None
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View:City
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Pets Allowed:None
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Association:true
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Association Fee:275.0
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Association Fee Includes:Other, Pest Contract, Fire Protection, Building Exterior, Association Ins, Trash, Sewer, Grounds Maintenance, Water
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Association Fee Frequency:Monthly
Parking
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Attached Garage:false
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Parking Features:On-Street Parking, Designated Parking
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Parking Total:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/7/25
Mar 7, 2025
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Sold | KAARMLS | $490,000 | -2.0% |
2/23/25
Feb 23, 2025
|
Pending | KAARMLS | $499,999 | |
2/21/25
Feb 21, 2025
|
Listed / Active | KAARMLS | $499,999 |