1312 Laurel Ave Knoxville, TN 37916

Listing details for 1312 Laurel Ave, Knoxville, TN 37916 : Converted residential dwelling into an excellent income producingmultifamily property for University of Tennessee students. Well maintained with extensive capital improvements including roof and 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 ofeach school term as rent ready condition . Rents have steadily increased toward market rates butare still somewhat below market . Occupancy is 100pct. with no credit loss due to careful screening oftenants.