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Memphis, TN

Acquiring, renovating, and leasing a Memphis duplex to generate reliable cash flow and future appreciation.

• Experienced local operator: Manages over ninety-five Memphis units with four years of market expertise.
• Comprehensive renovation: Full upgrade of roof, systems, interiors, and energy efficiency for turnkey durability.
• Section 8 income stability: Strategy prioritizes government backed tenants to secure predictable payments.
• Growth location: Minutes from the planned xAI supercomputer facility, boosting long-term housing demand.
• Flexible exit: Three-year review to choose the optimal sale or extended hold for value maximization.

Pie Ventures is raising capital to acquire, renovate, and operate a distressed duplex at 1639 Monsarrat St in Memphis’s Riverside neighborhood. The plan follows a fix-and-hold model: a full gut renovation will modernize every structural and mechanical system, add energy-efficient windows, and rebuild kitchens and baths to deliver two move-in-ready one-bedroom units. After roughly six months of construction the property will be leased, prioritizing Section 8 tenants to create dependable, government-backed cash flow while also offering quality housing that supports neighborhood revitalization.

Riverside has been shedding blight and attracting new investment thanks to its proximity to parks, local businesses, and the planned xAI supercomputer campus twelve minutes away, which is expected to draw jobs and infrastructure to the area. By holding the property for at least three years of stabilized operations, the company intends to provide quarterly distributions when cash flow permits and then evaluate whether continued rental or a sale will best serve investors. Both scenarios benefit from anticipated appreciation driven by rising demand for renovated housing and limited supply of duplex units near the expanding technology corridor.

Company Info

Pie Ventures acquires and renovates a South Memphis duplex to generate Section 8 and market-rate rental income prior to a multiyear exit.

Pie Ventures is a Memphis-based real estate operator formed to acquire, renovate, rent and eventually sell distressed residential assets, beginning with a duplex at 1639 Monsarrat Street in the Riverside neighborhood of South Memphis. The property offers roughly 1,490 square feet split into two one-bedroom, one-bath units and was purchased for $14,000. The company follows a fix-and-hold model: a planned eight-month construction program will modernize the structure from roof to systems, positioning it for reliable occupancy while improving neighborhood housing stock. By self-funding the project and using established contractor relationships, management seeks to control costs and accelerate delivery.

During renovation every major component will be renewed, including roof, windows, electrical, plumbing, HVAC, kitchens and baths, yielding a turn-key, low-maintenance asset. After completion the duplex will be marketed first to Section 8 tenants at published Memphis rates of about $700 to $870 per month per unit; if needed, it can compete on the open market at comparable rents. Cash flow is distributed quarterly subject to available income, and at the three-year mark management will re-evaluate whether to hold for continued rental yield or sell, targeting a resale price near $160,000 as the Riverside area benefits from new infrastructure and nearby technology investment.