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138 Torrence Ln

Carthage, TN 37030

– beds
– baths
14,410 sqft
$201 per sqft
1996 build
– on site

Exceptional Investment Opportunity Two-story, all-brick apartment complex featuring 16 fully occupied units on a 5-acre property. With ample space, the property offers flexibility for future expansion, including the potential to add additional units or amenities with 5 acre lot. Each unit is approximately 900 sq. ft., with 2 bedrooms & 1 bathroom, complete with kitchen appliances and individual washer/dryer hookups. The majority of units have been extensively renovated, adding to the property’s value. The property generates a monthly cash flow of approximately $15,000. It is on city sewer, serviced by a pump station (maintenance responsibility to transfer to the buyer). Prime Location 50 miles east of Nashville 20 miles from Lebanon and 5 miles from Interstate 40. Conveniently situated, this property provides easy access to major highways, making it attractive to tenants. Additionally, the seller will cover the cost of surveying to separate the 5-acre tract from the original 10-acre parcel. Please respect tenant privacy and do not disturb residents.

Listing courtesy of REALTRACS / Realty Empire LLC

Last checked: Checking… • Last updated Dec 17, 2024 •

MLS# 2760760 —

The Building

Year Built:

1996
Year Built Details:

RENOV
New Construction:

false
Construction Materials:

Brick
Roof:

Shingle
Stories:

2
Levels:

Two
Security Features:

Carbon Monoxide Detector(s), Fire Alarm
Accessibility Features:

Accessible Entrance
Structure Type:

Multi Family
# of Units Total:

16
Building Area Units:

Square Feet
Building Area Total:

14410
Building Area Source:

Assessor
Above Grade Finished Area:

14410
Above Grade Finished Area Units:

Square Feet
Above Grade Finished Area Source:

Assessor
Below Grade Finished Area Source:

Assessor
Below Grade Finished Area Units:

Square Feet

Interior

Flooring:

Carpet, Laminate
Fireplace:

false
Laundry Features:

Individual, Electric Dryer Hookup, Washer Hookup

Room Dimensions

Living Area:

14410
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Directions:

GPS- From Nashville, Get off Carthage/ Gordonsville Exit #258. Turn L and go approximately 5 miles. Located just before Walmart.
Latitude:

36.2389822
Longitude:

-85.94599308

The Property

Parcel Number:

061 00700 002
Property Type:

Residential Income
Lot Size Dimensions:

OFF 93 COOKEVILLE HWY
Lot Size Units:

Acres
Zoning:

C-2
View:

false
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

9474

The Listing

Map Coordinate:

36.2389822000000000 -85.9459930800000000
Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Water Available
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Carthage Elementary
Middle Or Junior School:

Smith County Middle School
High School:

Smith County High School

The Community

Subdivision Name:

Torrence
Waterfront:

false
Pool Private:

false
Association:

false
Association Amenities:

Sidewalks

Parking

Parking Features:

Concrete
Garage:

false
Attached Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
11/18/24 Nov 18, 2024	Listed / Active	REALTRACS	$2,900,000

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This multifamily located in South Carthage, TN 37030 is currently for sale for $2,900,000. 138 Torrence Ln is a 14,410 square foot multifamily with – beds and – baths that has been on Estately for 34 days. This multifamily is in the attendance area of Smith County High School, Carthage Elementary School, and Smith County Middle School.

Listing Courtesy of: REALTRACS and Realty Empire LLC.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.