2816 Colt DR, Knoxville, TN 37918
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2816 Colt DR, Knoxville, TN 37918
2816 Colt DR, Knoxville, TN 37918
2816 Colt DR, Knoxville, TN 37918
2816 Colt DR, Knoxville, TN 37918
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2816 Colt DR Knoxville, TN 37918

4,773 SqFt


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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,773 sqft

Price per Sqft $124

Subdivision Rifle Range Estates Sub Unit 1

MLS Listing ID 1343372

Year Built 1974

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions IRR

Source East Tennessee REALTORS® MLS

Property Description

Rare opportunity to acquire a fully occupied multifamily asset in the growing Halls market with immediate income and future upside potential! This 4-plex at 2816 Colt Drive is currently 100% occupied with all four units leased on month-to-month agreements, offering flexibility for future rent adjustments and management strategies.

The property consists of four spacious 2-bedroom, 1.5-bath units, each designed for comfortable everyday living. All units include washer and dryer hookups and feature their own private utility/laundry room located at the rear of the building, providing added convenience and storage for tenants. Tenants pay their own utilities, while the owner maintains the grounds, creating an efficient management structure.

Situated on a quiet dead-end street, the property offers ample on-site parking and a peaceful setting while remaining conveniently close to everyday amenities. Its desirable location just off North Broadway in the Halls community places residents minutes from major restaurants, grocery stores, parks, ball fields, schools, and other conveniences. Downtown Knoxville is only 12 minutes away, making this an attractive location for tenants seeking both accessibility and a neighborhood feel.

Whether you're expanding an existing portfolio or seeking a turnkey investment property with stable occupancy, this income-producing asset offers a compelling opportunity in one of Knoxville's most convenient and established rental markets.

Location

State TN

County Knox County - 1

Area 15982.34

Rooms

Other Rooms Separate Dining Room

Interior

Interior Features Pantry

Heating Heat Pump, Central, Electric

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Carpet, Vinyl

Window Features Windows - Aluminum

Appliance Dishwasher, Range, Refrigerator

Heat Source Heat Pump, Central, Electric

Exterior

Exterior Feature Doors - Storm, Porch - Covered, Windows - Aluminum

Parking Features Off-Street Parking, On Premise Parking

Garage Description Off-Street Parking, On Premise Parking

Roof Type Metal

Garage No

Building

Faces From I-75 N, take the exit onto Merchants Dr. Turn right onto Merchants Dr. Turn right onto Dry Gap Pike. Take a slight right onto Rifle Range Dr. Turn left onto Luger Rd. Turn left onto Colt Dr NE. Property on left.

Structure Type Brick

Schools

Elementary Schools Adrian Burnett

Middle Schools Halls

High Schools Halls

Others

Restrictions Yes

Tax ID 048KC001

Security Features Smoke Detector

Energy Description Electric

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by Realty Executives Associates

NEARBY SCHOOLS & PROPERTIES

Pamella Haynes

Pamella Haynes

Broker Associate | License ID: 337966

+1(865) 355-0955

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2816 Colt DR