Great investment opportunity! 3 Apartments with separate entrances and utilities. Tenants in place and all units are currently rented. Several updates have been done. Refrigerator and stove stay in each apartment. Termite contract bi-monthly in place. Tenants are on Month-to-month leases. Selling as is. Please give 24 hour notice to show. Owner financing may be available depending on terms. Great terms are offered. Selling AS-IS.
Closed
$237,500
112 Franklin Ln, Carthage, TN 37030
5beds
3baths
1,728sqft
Multi Family
Built in 1920
-- sqft lot
$259,900 Zestimate®
$137/sqft
$1,496 Estimated rent
Home value
$259,900
$239,000 - $281,000
$1,496/mo
Zestimate® history
Owner options
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$1,496/mo
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$1,445/mo
Est. payment
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$1,445/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Mark (Daniel) Kemp 615-406-7380,
Realty Empire LLC,
Missy Baker 615-418-5165,
Realty Empire LLC
Bought with:
Missy Baker, 321640
Realty Empire LLC
Mark (Daniel) Kemp, 358690
Realty Empire LLC
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2656110
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Other
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area above ground: 1,728
Property
Features
- Levels: One
- Stories: 2
- Has view: Yes
- View description: City
Lot
- Size: 8,550 Square Feet
- Dimensions: 114 x 75
Details
- Parcel number: 045P A 01202 000
- Zoning: C-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Carthage
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $162,500
- Annual tax amount: $1,369
- Date on market: 5/17/2024
- Inclusions: Appln
- Total actual rent: 1200
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2024 | Sold | $237,500+1.1%$137/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 9/20/2024 | Pending sale | $235,000$136/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 7/16/2024 | Contingent | $235,000$136/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 7/3/2024 | Listed for sale | $235,000-6%$136/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 6/14/2024 | Contingent | $250,000$145/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 5/28/2024 | Price change | $250,000-9.1%$145/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 5/17/2024 | Listed for sale | $275,000+165.7%$159/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2656110 Report a problem | ||
| 2/16/2017 | Sold | $103,500$60/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,657 +21.1% | $65,000 +21.1% |
| 2024 | $1,369 +47.1% | $53,680 |
| 2023 | $930 -32% | $53,680 |
| 2022 | $1,369 +17.9% | $53,680 +78.2% |
| 2021 | $1,161 | $30,120 |
| 2020 | $1,161 | $30,120 |
| 2019 | $1,161 +50.9% | $30,120 +27.8% |
| 2018 | $769 +0.1% | $23,560 |
| 2017 | $769 +57.3% | $23,560 +11.8% |
| 2016 | $489 -33.1% | $21,080 |
| 2015 | $731 | $21,080 |
| 2014 | $731 +6.5% | $21,080 +3.7% |
| 2013 | $687 | $20,320 |
| 2011 | -- | $20,320 +7.2% |
| 2010 | $633 +1.9% | $18,960 +1.9% |
| 2009 | $621 | $18,600 |
| 2008 | $621 | $18,600 |
| 2007 | $621 +4.4% | $18,600 |
| 2006 | $595 -8.6% | $18,600 |
| 2005 | $651 +39.1% | $18,600 +24.8% |
| 2004 | $468 +36.4% | $14,902 +36.4% |
| 2002 | $343 | $10,922 +0.4% |
| 2001 | -- | $10,877 -75% |
| 2000 | -- | $43,507 |
Find assessor info on the county website
Neighborhood: 37030
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Nearby schools
GreatSchools rating
- 4/10Carthage Elementary SchoolGrades: PK-4Distance: 0.8 mi
- 5/10Smith County Middle SchoolGrades: 5-8Distance: 2.3 mi
- 5/10Smith County High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Carthage Elementary
- Middle: Smith County Middle School
- High: Smith County High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Tennessee
- Smith County
- Carthage
- 37030
- 112 Franklin Ln
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