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1312 Laurel Avenue, Knoxville, TN 37916

Commercial property for sale

  • Description
  • This is a great rental in the heart of what is a very stable rental market. There is consistent demand from the University of Tennessee, and the property is in good condition. While we highly encourage all buyers to do their own due-diligence, this property is a great first investment, or another great rental property to add to your portfolio. This property is currently producing an annual rent of $44,280.00 dollars, and is fully leased for the 2012/2013 school year. Lease's are on a 12 month rotation and most are combined with parental guarantees on the rent. The Net Operating Income for the property is currently $34,546.00 annually; making this property better than a 10% cap. rate at its listing price. A good opportunity that shouldn't last long!! Come take a look!! Building price details: $339,900.
  • Property Details
  • Property Type: Multifamily
    Use Types: Low-Rise/Garden, Student Housing
    Status: Available
    Price: $ 56,650 +/Unit
    Number of Stories: 3
    Year Built: 1920
    MSA: Knoxville
    Zoning: R-3,NC-1
    Buildings: 1
    Terms: Cash to Seller
    Added: 01/06/2012
    Last Update: 11/24/2012
  • Exterior Features
  • Parking Type: Surface
  • Contact info
  • 865-246-1331 [Office]
  • Note

  • Details Info about this row that located on 1312 Laurel Avenue, Knoxville, TN 37916 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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