Some properties are all about vision—and this one is full of it.
Sitting in Memphis with a solid brick structure and a spacious layout, this home offers the kind of opportunity investors and renovators are always searching for.
If you’ve been looking for cheap homes with potential, a solid investment property, or a renovation project with upside, this one stands out right away. At this price point, it’s all about what you can turn it into.
Imagine taking a classic brick home, reworking the interior, and creating a profitable rental or a comfortable residence. This isn’t just a house—it’s a chance to build real value.
Property Details
| Detail | Information |
|---|---|
| Price | $48,000 |
| Location | Memphis, Tennessee |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Square Footage | 1,650 sqft |
| Acreage | 0.16 acres |
Property Overview
This brick home in Memphis offers a strong foundation for anyone looking to invest in cheap real estate with upside. With 4 bedrooms and 2 bathrooms, it provides a spacious layout that can be adapted to multiple uses.
Built in 1927, the home has stood the test of time and still offers a solid structure. The brick exterior adds durability and long-term value, making it a great base for renovation.
The property is currently tenant-occupied but will be delivered vacant at closing, giving the new owner full control. This opens the door for a full transformation based on your goals.
For buyers searching for cheap homes under $50K, this is a rare opportunity to step into a project with real potential.
Interior Features
Inside, the home offers a flexible layout with multiple living areas, including a separate living room, den, and dining space. This creates opportunities to redesign the flow or even reconfigure the layout.
With all bedrooms located on the main level, the home is easy to navigate and practical for a variety of living arrangements. The presence of two full bathrooms adds extra convenience.
The kitchen includes a pantry and washer/dryer connections, providing a good starting point for upgrades. With a full interior rehab needed, you have the freedom to design it exactly how you want.
For investors or renovators, this is a classic value-add property where improvements can significantly increase both rental income and resale value.
Outdoor Features
The property sits on a level city lot, making it easy to maintain and improve. It’s a manageable size that still allows for outdoor use without requiring extensive upkeep.
A covered parking area and driveway space add convenience, while additional storage structures provide extra functionality.
The home also features a front porch, which can be restored into a welcoming outdoor space. Small details like this can greatly enhance curb appeal after renovation.
With the right updates, the exterior can complement the interior transformation, turning this into a well-rounded investment or starter home.
Location & Lifestyle
Memphis, Tennessee is known for its strong rental market and investment opportunities. This property fits perfectly for buyers looking to enter the market at a low price point.
The location provides access to everyday amenities, making it suitable for both renters and homeowners. It’s a practical choice for those focused on value and potential.
This home can serve multiple purposes, from a rental property to a rooming house or even a duplex conversion, depending on your strategy.
For those searching for cheap homes in Memphis with investment potential, this property offers a solid starting point.
Final Thoughts
At just $48,000, opportunities like this are hard to find. A 4-bedroom brick home with 1,650 sqft provides the kind of space and structure that makes renovation projects worthwhile.
Yes, it requires a full rehab—but that’s exactly where the opportunity lies. With the right vision, this property can be transformed into something valuable and profitable.
If you’ve been searching for cheap homes, fixer-uppers, or investment properties, this one deserves serious consideration. It’s affordable, flexible, and full of potential.
Don’t forget to SHARE this property before you go.
If you need more info, contact the listing agent from the Zillow link below the photos.
Listed on Zillow