138 Torrence Lane

South Carthage TN 37030

14410 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.