About This Home
This 3-bedroom, 1-bathroom single family at 1592 GRIMES St in Memphis, TN is listed for $26,900 ($21 per sqft). Built in 1948, the home offers 1,260 sqft of living space on a 0.33 acres lot.
Key Features
- Built in 1948
- 0.33 acre lot
Property Details
Amenities
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
Monthly Cost Estimate
$144/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1592 GRIMES St
Memphis, TN 38106
BURTON RESUB BLK 11
Features & Amenities
Exterior Features
Property Details
Flooring
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 1592 GRIMES St is listed at $26,900 ($21/sqft). The estimated monthly payment is $144 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1948, 0.33 acre lot. Exterior Features: Wrought Iron Security Drs.
This property is listed by Glenn McDonald and can be reached at 9012891374.
