1592 GRIMES ST, Memphis, TN 38106 (MLS # 10223935)
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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
| DAYS ON MARKET | 2 | LAST UPDATED | 6/13/2026 |
|---|---|---|---|
| TRACT | BURTON RESUB BLK 11 | YEAR BUILT | 1948 |
| COMMUNITY | South Memphis/61 Hwy | COUNTY | Shelby |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | South Memphis/61 Hwy |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Central |
| LOT | 0.33 acre(s) |
| LOT DESCRIPTION | Wooded |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | Traditional |
| SUBDIVISION | BURTON RESUB BLK 11 |
| TAXES | 565 |
MORTGAGE CALCULATOR
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