637 Idlewood Ln #1-4, Knoxville, TN 37923

Description

*Seller contribution towards rate buy down available. 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 without 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 forward bookings already on the calendar. The portfolio is managed by an Airbnb Superhost, and the residences have established guest recognition within the platform.

The revenue history demonstrates strength across the entire portfolio rather than dependence on one unusually strong residence. In 2025, 637 and 639 each generated approximately $49,000-$53,000 in rental revenue according to seller accounting records. During 2026, 641 and 643 have shown particularly strong acceleration, with January-through-August revenue increasing approximately 35% year over year. This combination of established production and continued growth across multiple residences provides meaningful support for the portfolio's current revenue trajectory.

The four residences generated approximately $211,241 in gross rental revenue during 2025. As of September 24, approximately $249,163 was already booked for 2026, including future reservations. Based on existing bookings, current operating performance and the remaining fall and holiday booking period, the portfolio is projected to generate approximately $275,000 in 2026 gross rental revenue -- approximately 30% growth over 2025.

With four separately deeded homes, approximately 9,228 square feet of combined finished space, complete furnishings, professional management, established rental history and forward bookings already in place, 637-643 Idlewood offers a new owner the potential for both immediate enjoyment and immediate income.

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. Buyer to verify all information.