1592 GRIMES ST, Memphis, TN 38106

• 3 beds |
• 1 bath |
• 1,260 sqft

Property Description

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

Listing Status:

Active

Date Added:

June 13, 2026

Data Last Updated:

July 5, 2026 at 4:51AM

Listing Office:

Integrated Assets : 901-820-4585

MLS ID:

10223935

Interior

• Rooms: 6
• Flooring: Wall to Wall Carpet
• A/C: Central
• Heating: Central
• Fireplace: Fireplaces: 0

Exterior

• General: Vinyl SidingWrought Iron Security Drs
• Style: Traditional
• Pool: None
• Parking: Driveway/Pad

Construction

• General: 1

Location

• County: South Memphis/61 Hwy

Lot

• Zoning: 034014 00011C