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1312 Laurel Ave, Knoxville, TN 37916

Commercial property for sale

  • Description
  • This property presents as a converted residential dwelling into an excellent income producing multifamily property for University of Tennessee students. The student history with the current owner has been upper classman or graduate students. Seller has maintained this investment very well since he became the owner. Extensive capital improvements have been made ie..roof, bathroom fixtures. Leases are 12 months beginning with the school year with deposits of one months rent. The language of each lease provides that tenants leave premises at end of each school term as "rent ready condition". Rents have steadily increased toward market rates but are still somewhat below market. Occupancy is 100% with no credit loss due to careful screening of tenants. Building price details: $324,900.
  • Property Details
  • Property Type: Multifamily
    Use Types: Student Housing
    Status: Available
    Price: $ 54,150 +/Unit
    Number of Stories: 2
    Year Built: 1920
    Year Renovated: 1975
    MSA: Knoxville
    Buildings: 1
    Construction: Wood Frame
    Terms: Cash to Seller
    Added: 12/29/2012
    Last Update: 12/29/2012
  • Exterior Features
  • Parking Type: Other
  • Contact info
  • 865-297-3290 [Office]
  • Note

  • Details Info about this row that located on 1312 Laurel Ave, 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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