MIDDLE TENNESSEE REAL ESTATE
MIDDLE TENNESSEE REAL ESTATE
138 Torrence Ln, Carthage, TN 37030 For Sale
- 14,410 sq ft
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.
Property Details
Status : Active
Source : RealTracs, Inc.
County : Smith County, TN
Property Type : Residential Income
Area : 14,410 sq. ft.
Year Built : 1996
Exterior Construction : Brick
Floors : Carpet,Laminate
Heat : Central
HOA / Subdivision : Torrence
Listing Provided by : Realty Empire LLC
MLS Status : Active
Listing # : RTC2760760
Schools near 138 Torrence Ln, Carthage, TN 37030 :
Carthage Elementary, Smith County Middle School, Smith County High School
Additional details
Heating : Yes
Parking Features : Concrete
Building Area Total : 14410 Sq. Ft.
Lot Size Dimensions : OFF 93 COOKEVILLE HWY
Living Area : 14410 Sq. Ft.
Property Attached : Yes
Office Phone : 6154185165
Accessibility Features : Accessible Entrance
Possession : Close Of Escrow
Cooling : 1
Levels : Two
Stories : 2
Utilities : Water Available
Sewer : Public Sewer
Location 138 Torrence Ln, TN 37030
Directions to 138 Torrence Ln, TN 37030
GPS- From Nashville, Get off Carthage/ Gordonsville Exit #258. Turn L and go approximately 5 miles. Located just before Walmart.
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