Homes for sale - 138 Torrence Ln, Carthage, TN 37030

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EXIT Realty Refined

hello@exitrealtyrefinedtn.com +1(615) 989-7733

Listed by Missy Baker • Realty Empire LLC

$ 2,900,000

Est. payment | -/mo

14,410 SqFt

Save

$ 2,900,000

Est. payment | -/mo

Save

14,410 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,410 sqft

Price per Sqft $201

Subdivision Torrence

MLS Listing ID 2760760

HOA Y/N No

Year Built 1996

Annual Tax Amount $9,474

Lot Dimensions OFF 93 COOKEVILLE HWY

Property Description

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.

Location

State TN

County Smith County

Zoning C-2

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Laminate

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Roof Type Shingle

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Carthage Elementary

Middle Schools Smith County Middle School

High Schools Smith County High School

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+1(615) 989-7733

hello@exitrealtyrefinedtn.com

138 Torrence Ln Carthage, TN 37030