66 W Peebles Rd, Memphis, TN 38109

This is not a single family home Investment Opportunity: High-Capacity Rooming House Asking Price: $195,000 Location: 38109 Area Code Property Type: Income-Generating Rooming House ?Property Overview ?This unique 1945-built property offers massive scale and high-density living potential. Recently remodeled just one year ago, this expansive residence is currently configured as a high-capacity rooming house, perfect for an investor looking for immediate cash flow in the 38109 area. ?Key Features ?Massive Capacity: A total of 21 rooms, including 14 dedicated bedrooms, making this a rare find for institutional housing or large-scale rental strategies. ?Functional Layout: The interior features two spacious sitting areas, a central kitchen, and three full bathrooms to accommodate multiple occupants comfortably. ?Recent Updates: The property underwent a remodel in 2025, featuring updated flooring, fresh interior paint in a modern grey palette, and updated fixtures. ?Exterior & Grounds: The property sits on a sizable lot with a low-maintenance yard, mature trees, and ample off-street parking for residents. ?Climate Control: Equipped with exterior AC condenser units to ensure year-round comfort. ?Investor Highlights ?High ROI Potential: With 14 bedrooms, the gross monthly income potential far exceeds a standard single-family rental. ?Turn-Key Ready: The recent updates allow for immediate leasing without the need for a major initial renovation budget. ?Proven Model: Established as a rooming house, providing a clear path for continued use or conversion. ?Suggested Marketing Blurb: ?"Cash flow is king! Don't miss this rare 21-room powerhouse in 38109. Remodeled just a year ago, this 14-bedroom rooming house is built for volume and value. At $195k, this is a prime addition to any portfolio looking for high-density residential income. Move quick—opportunities with this many 'doors' under one roof don't last."