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
Property Features
Property Information:
Year Built: 1996
Living Area: 14,410 SqFt
Listing Office:
Office Name: Realty Empire LLC
Office Phone: (615) 418-5165
Listing Agent: Missy Baker
Interior Features
Interior Information:
Flooring Type: Carpet, Laminate
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Concrete
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: GPS- From Nashville, Get off Carthage/ Gordonsville Exit #258. Turn L and go approximately 5 miles. Located just before Walmart.
Price Information
Listing Price Info
Price Summary:
List Price: $2,900,000
Price Per SqFt: $201/SqFt
Tax Information:
Annual Amount: $11,409
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Carthage, TN.
This property is $2.6M more than the Median Sold Price and $9/SqFt more than other homes in Carthage, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: REALTRAC
MLS Number: #2760760
Listing Office:
Office Name: Realty Empire LLC
Office Phone: (615) 418-5165
Listing Agent: Missy Baker
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by 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.
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 this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker 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. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 11:48:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$11,409
$369,600
2019
$11,409
$366,800
2018
$11,409
$366,800
2017
$10,385
$366,800
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Carthage Elementary School
149 Skyline Dr
Distance between this listing and this school0.91 miles
Public District Grades PK-4
7
/10
Gordonsville Elementary School
104 Main St E
Distance between this listing and this school4.69 miles
Public District Grades 3-6
8
/10
Trousdale County Elementary School
115 Lock Six Rd
Distance between this listing and this school14.69 miles
Public District Grades KG-5
Nearby Schools
6
/10
Smith County Middle School
134 Smith County Middle School Ln
Distance between this listing and this school0.86 miles
Public District Grades 5-8
7
/10
Forks River Elementary School
611 Cookeville Hwy
Distance between this listing and this school4.58 miles
Public District Grades PK-8
5
/10
Union Heights Elementary School
663 Lebanon Hwy
Distance between this listing and this school6.39 miles
Public District Grades PK-8
Nearby Schools
5
/10
Smith County High School
312 Fite Ave E
Distance between this listing and this school1.01 miles
Public District Grades 9-12
7
/10
Gordonsville High School
110 Main St E
Distance between this listing and this school4.76 miles
Public District Grades 7-12
7
/10
Watertown High School
9360 Sparta Pike
Distance between this listing and this school14.09 miles
The neighbors living near this home have an average income of $42,604. The majority of Carthage, TN residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 138 Torrence Ln
What is the listing price of this property?
The listing price of 138 Torrence Ln property is $2,900,000.
What type of property is this?
The property 138 Torrence Ln is a house located in Carthage, Tennessee, 37030.
Is this property for sale now?
Active Listing: 138 Torrence Ln is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $11,409 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 138 Torrence Ln is 14,410 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 138 Torrence Ln is 1996.
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This home is located at 138 Torrence Ln in Carthage, TN and zip code 37030. This 14,410 square foot home was built in 1996. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $2,900,000.
While more than 1 listings in Carthage, TN in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. In November 2024 in Carthage, TN there were 2% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $289,900, while the average time on the real estate market was 52 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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