637 Idlewood Lane Unit 1-4, Knoxville, TN 37923

Property Description

Offered fully furnished and truly turnkey, 637-643 Idlewood Lane presents a rare opportunity to acquire an entire four-residence PUD property in West Knoxville with an established short-term rental operation already in place. Unlike a condominium project, the property consists of four separately deeded residences, each with ownership of its individual lot, providing flexibility for an investor to retain the entire portfolio or potentially sell the homes individually in the future. Together, the four residences provide approximately 9,228 square feet of finished living space, with each home offering approximately 2,307 square feet across three levels, three and a half baths, an attached one-car garage, and multiple outdoor living areas. The floor plans include a combination of bedroom and loft configurations, with dramatic 16-foot ceilings on the upper level, abundant natural light, and thoughtfully designed interiors. Distinctive Brazilian Cumaru hardwood siding gives the building a sophisticated architectural presence, while hardwood flooring extends throughout the main and upper levels and durable luxury vinyl plank flooring finishes the lower levels. The entire property is being offered fully furnished, including furniture, televisions, washers and dryers, kitchenware, linens, sheets, towels, and housewares, subject only to the seller's stated exclusions. The result is a genuinely turnkey acquisition requiring none of the significant expense, furnishing, or setup time typically associated with launching multiple furnished rentals. The property is currently operated within an established, professionally managed short-term rental program with a demonstrated operating history, strong guest demand, and substantial future bookings already on the calendar. The portfolio is managed by an Airbnb Superhost, and the homes have established guest recognition within the platform. Rather than purchasing an untested STR concept, a buyer can acquire an operating furnished-rental portfolio with management, furnishings, booking history, and forward reservations already in place. Rental performance has continued to strengthen. The four residences generated approximately $211,241 in combined gross rental revenue during 2025. From January through August 2025, the portfolio generated $123,233, compared with $148,722 during the same period in 2026--approximately 21% year-over-year growth. Based on year-to-date performance, forward bookings, and the historically strong fall rental season, the portfolio is projected to generate approximately $275,000 in combined gross rental revenue during 2026--approximately 30% above its 2025 gross revenue. With four separately deeded homes, approximately 9,228 square feet of combined finished space, complete furnishings, professional management, established rental history, and existing forward bookings, 637-643 Idlewood offers a new owner the potential for both immediate enjoyment and immediate income from the day of closing. Located in highly regarded West Knoxville school zones and exceptionally convenient to shopping, dining, entertainment, and everyday amenities, the property combines individual land ownership, garage parking, polished interiors, architectural character, and a proven furnished-rental operation into a unique investment opportunity in one of Knoxville's most desirable areas. Buyer to verify all information.