138 Torrence Lane

Carthage, TN 37030

$2,900,000
Price
8
Beds
4
Baths
14,410 Sq. Ft.
$201 / Sq. Ft.
14,410
Sq. Ft.
$201
per Sq. Ft.
an aerial view of house with a yard
a view of street with parked cars
an aerial view of a house a garden and mountain view
an aerial view of a backyard
an aerial view of a house with a garden and swimming pool
a view of balcony with wooden floor
a car parked in front of building
a view of multiple house
a view of street with parked cars
a view of a room with a brick wall
a living room with furniture and wooden floor
a living room with furniture a flat screen tv and a fireplace
a living room with furniture and a flat screen tv
a view of a dining room with furniture and wooden floor
a view of a dining room with furniture and wooden floor
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a kitchen with stainless steel appliances a refrigerator and cabinets
a kitchen with cabinets a sink and appliances
a bedroom with a bed and a flat screen tv
a bedroom with a bed and a cabinets
a bathroom with a sink and a mirror
a bathroom with a sink and toilet
a bedroom with bed and a window
a bedroom with a bed and a flat screen tv
a utility room with washer and dryer
a view of walk in closet with clothes and shoes
a view of a chairs and table on the terrace
a view of a house with a big yard
a aerial view of a house with a yard and sitting area
an aerial view of a house with a yard

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....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.
  1. Listed by Missy Baker • Realty Empire LLC • 6154185165
  2. Listed by James Trainham III • Realty Empire LLC

Property Details for 138 Torrence Lane

Subdivision Name
Torrence
Waterfront
No
LISTING UPDATED: 11/18/2024 12:48 PM

Property Details for 138 Torrence Lane

StatusActive
MLS #2760760
Days on Market14
Taxes$9,474 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1996
Lot Size-
CountySmith County

Building Information for 138 Torrence Lane

Stories2Residences16Year Built1996Building Size-Lot Size-

Property Information for 138 Torrence Lane

Summary
Location and General Information
  • Accessibility Features: Accessible Entrance
  • Directions: GPS- From Nashville, Get off Carthage/ Gordonsville Exit #258. Turn L and go approximately 5 miles. Located just before Walmart.
  • Elementary School: Carthage Elementary
  • High School: Smith County High School
  • Levels: Two
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Smith County Middle School
  • Mlg Can View: Yes
  • Zoning: C-2
Parking
  • Garage Spaces: .00
  • Parking Features: Concrete
  • Parking Total: .00
Taxes and HOA Information
  • Association Amenities: Sidewalks
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 061 00700 002
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Brick
  • Documents Count: 2
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Security Features: Carbon Monoxide Detector(s), Fire Alarm
  • Stories: 2
  • Year Built Details: RENOV
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Shingle
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Total Actual Rent: $3,750

Property History for 138 Torrence Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 138 Torrence Lane

Taxable ValueLand$17,160Additions$371,200Total$388,360
Home Facts
Total Finished SqFt14,410 SqFtAbove Grade Finished SqFt14,410 SqFtStories1Lot Size87,120 SqFtStyleMulti-Family Res (5+ Units)Year Built1996Year Renovated2012ZoningC-2CountySMITHAPN080061 00700 002

Schools near 138 Torrence Lane

This home is within Smith County School District.
Rating
School
Type
Grades
Distance
Carthage Elementary School
Public - PK to 4
Smith County Middle School
Public - 5 to 8
Smith County High School
Public - 9 to 12
Rating
School
Distance
Carthage Elementary School
PublicPK to 4

Smith County Middle School
Public5 to 8

Smith County High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near South Carthage

Neighborhoods

Cities

ZIPs

More information about 138 Torrence Lane, Carthage, TN 37030

138 Torrence Lane is a multi-family home for sale in Carthage, TN 37030. This property was listed for sale on November 12, 2024 by Realty Empire LLC, it's currently listed at $2,900,000. This listing's school district is Smith County School District. Nearby schools include Carthage Elementary School, Smith County Middle School and Smith County High School. 138 Torrence Lane is a 8-bed, 4-bath, 14,410 sqft multi-family home built in 1996.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Empire LLC, Missy Baker (615.418.5165); Realty Empire LLC, James Trainham III (615.418.5376)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 11/18/2024 12:48 PM