Any investors in the Rozelle (38114) area?

Question

Hi!

Do you have an investment property or live/work/play in the Rozelle (38114) area? Due to its close proximity to Cooper-Young I was wondering if any gentrification has started spilling over to the outside edges of some popular neighborhoods. Any thoughts or advice is appreciated!

Thank you!

Curt Davis · Answer

It's an area with some possibilities-but it's not as desirable if you were East to North East a little more.

Tristan H. · Answer

BTW, Payne's BBQ, around the corner from there, is a local favorite. However, I would say skip it, there is much better BBQ in town.

Tristan H. · Answer

To add to Curt's comments: the Annesdale neighborhood Norhtwest of their, Central Gardens to the North and Cooper Young which you identified all desirable neighborhoods. I would wager that this would help with appraisal values. Rozelle is not a neighborhood that I invest in, but you may be on to something.

Randall Weatherall · Answer

My personal recommendation for out-of-state investors is to avoid areas where the rent is at or lower than $500/month and that's a bare minimum. If possible, stay in $600+ and you should have less of a headache and fewer need to 'manage your management' due to better tenant pool and lower turn rate. This is an area that pops up often in my talks with potential investors and my usual advice is to avoid it unless they're local and have a stomach for more work. I live north of there close to Midtown so I'm familiar with the area and I can tell you that we've sold a lot in there that investors liked at one point only to find out later that it wasn't for them. It's workable for sure! ...Just not for the faint of heart...

Ryan Alacon · Answer

Account Closed awesome tip. when I'm in town, i'll make sure to try the BBQ.

Ryan Alacon · Answer

Account Closed thanks for your thoughts on this. It seems like gamble today but at the right price, I think it might be worth it.

Ryan Alacon · Answer

@Randall Weatherall thanks Randall! I’m still getting a feel for the market so this is helpful.

Ryan Alacon · Answer

@Curt Davis thanks for your thoughts.

Usually, would an appraiser take location from street to street in their calculations for an ARV or appraisal? Comps on the area are difficult to asses and vary significantly from west vs east side of Lamar Ave.

Any investors in the Rozelle (38114) area?

Any investors in the Rozelle (38114) area?

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