Investor special in South Memphis w/ serious upside. 3BR/1BA, approx. 1,260 SF on a deep 0.33-acre lot. Full rehab needed; ideal for experienced investors, contractors, flippers, BRRRR buyers, or rental portfolio buyers looking for a value-add project. Property has deferred maintenance & will need extensive repairs/updates, including roof, interior systems, finishes & overall condition. Strong affordable housing demand in the area creates potential for fix/flip or long-term rental after renovation. Convenient South Memphis location near I-240, I-55, downtown Memphis, medical district, logistics/employment centers, schools & neighborhood redevelopment activity. Larger lot offers additional utility, parking, storage, or future improvement potential, subject to zoning/approval. Cash or renovation financing recommended. Sold as-is. Bring contractor & vision. Highlights: 3BR/1BA | Approx. 1,260 SF | 0.33-acre lot | Built 1948 | Heavy rehab | Value-add | Rental/flip potential | As-is sa
Property Description
Features
: No
: Central
: Central
0
: Driveway/pad
Address Map
US
TN
Shelby
Memphis
BURTON RESUB BLK 11
38106
GRIMES
1592
ST
0
W91° 56' 51.3''
N35° 6' 13.5''
From I-240, take the exit toward South Parkway / South Memphis. Continue toward the South Memphis area and follow local streets to Grimes St. Property is located near Grimes St & nearby residential streets in the 38106 area.
MLS Addon
5699
Active
: Detached Single Family
1
130X172
3 Bedrooms
1 Bathrooms
0 Sqft
$29,900
Listing ID #10223935
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 10223935
Price : $29,900
Bedrooms : 3
Bathrooms : 1
Full Bathrooms : 1
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1948
Lot Area : 0.33 Acre
Status : Active
Days On Market : 2
Contact Agent
