Selling Memphis Property | Purchasing Apt Building

[Joseph Schmitt]

🏠 Property Overview – 11 W Rollins Rd, Memphis, TN 38109

• - List Price: $112,000
• - Beds/Baths: 3 Bed / 1 Bath
• - Sq Ft: ~1,100 sq ft
• - Lot Size: 0.32 acres (oversized yard)
• - Built: 1955 | Renovated 2023
• - Status: Vacant and Rent-Ready
• - Market Rent: $1,050–$1,200/month
• - Cap Rate Potential: ~11% at asking price
• - ARV: $120K–$125K (based on recent comps)

🛠️ Recent Renovations

- Brand new roof
- Updated LVP flooring throughout
- Modern kitchen: cabinets, counters, sink

Fresh paint, updated fixtures, new bath vanity

- Central AC installation included at closing

📍 Location Highlights

- Located in 38109 – a high-demand rental zone in Memphis

- Strong Section 8 and workforce housing demand

- Close to schools, public transit, and employment corridors

- No HOA, low property taxes, and strong investor activity nearby

💡 Why Sell?

- Reallocating capital to purchase an 8–12 unit apartment building. This deal performs great, but it’s time to scale.

🔑 Ideal For:

- Turnkey rental investors

- Out-of-state BRRRR buyers

- House hackers (FHA-ready)

- Section 8-focused portfolios

📩 DM me if you're interested or want the full deal sheet with rent comps, photos, and projected ROI