30
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Listed by Missy Baker • Realty Empire LLC
$2,900,000
Est. payment /mo
14,410 SqFt
Active
138 Torrence Ln Carthage, TN 37030
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UPDATED:
11/18/2024 06:48 PM
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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