$3,739 Closing Credit¹
#233952, Listing Office: Underwood Hometown Realty, LLC
Property details
About 138 Torrence Ln
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.
Highlights
Home typeOther
HeatingCentral
StatusActive
CoolingCentral Air
Size14,410 sqft
Year built1996
ParkingConcrete
MLS #2760760
Summary
- MLS Number: 2760760
- MLS Name: REALTRAC
- Office Name: Realty Empire LLC
- 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. Properties displayed may be listed or sold by various participants in the MLS.
© 2025 of the REALTRACS MLS. All rights Reserved.
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: 3/15/2025, 12:48:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,900,000
138 Torrence Ln
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $388,360 | $- |
| 2022 | $388,360 | $10,014 |
| 2021 | $369,600 | $10,014 |
| 2020 | $369,600 | $11,409 |
| 2019 | $366,800 | $11,409 |
| 2018 | $366,800 | $11,409 |
| 2017 | $366,800 | $10,385 |
History based on county public records data.
Nearby schools
4
Carthage Elementary School
Public District PK-4
0.9 mi
•149 Skyline Dr
7
Gordonsville Elementary School
Public District 3-6
4.7 mi
•104 Main St E
8
Trousdale County Elementary School
Public District KG-5
14.7 mi
•115 Lock Six Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,604. Typical income of Carthage, TN residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
40%
35k-100k
15%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
13%
Single, with Kids
24%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
36%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Monster Trucks
NASCAR
Hunting
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
Country- Classic Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 138 Torrence Ln
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. Features: 0 bathroom. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $2,900,000.
In February 2025, from all listings sold in Carthage, TN there were more than 1 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price. The number of listings in Carthage, TN decreased by 7% between January and February 2025. Listings spent 130 days on the market in February 2025, and had a median list price of $295,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.