Fixer-Uppers with rehab upside in Memphis, TN.
Light to heavy rehab opportunities in Memphis, Tennessee. Cosmetic flips, full guts, and BRRRR candidates — priced for spread, sold as-is.
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Quick answer
Fixer Uppers in Memphis, TN
Get alerts on new fixer-upper deals in Memphis and the surrounding TN market. Most close in 9-14 days with cash or hard money.
Why investors target Memphis
What you get.
- Cosmetic, value-add, and full-gut deals
- Sold strictly as-is
- Priced for healthy flip or BRRRR spread
- Rehab scope and ARV comps shared
Memphis estimated snapshot
~$185,000 est. median · ~24 DOM
Trusted by sellers to get cash + terms offers
Trusted by sellers to get cash + terms offers
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How it works
Three steps from “interested” to closed in Memphis.
- 01
Set your Memphis buy box
Tell us ZIPs, price range, condition, and exit strategy. We filter every new lead through your criteria before it hits your inbox.
- 02
Get deals in your inbox daily
Motivated-seller leads in Memphis and surrounding TN markets — verified phone, address, and seller-stated motivation.
- 03
Lock it up and close fast
Most deals close in 9–14 days with cash or hard money. Assign, wholesale, or hold — your call.
Memphis investors
Off-market fixer-upper leads sourced across Memphis, TN.
FAQ
Memphis fixer-upper questions.
- Are ARVs verified?
- Each Memphis listing includes recent sold comps. Your own walk-through and contractor scope are still expected.
- Can I use a 203(k) or similar loan?
- Some yes, most no — most fixer-uppers in our inventory don't pass FHA condition standards. Hard money or cash works.
- What's the typical rehab budget?
- Ranges widely: $15k cosmetic flips up to $150k+ full guts. Each Memphis listing includes a starting scope estimate.
- Who pulls permits?
- Buyer post-close. Your GC or you, depending on Tennessee licensing rules.
How this works in Tennessee
Fixer-upper in Tennessee: the local rules.
Timeline & foreclosure
Tennessee has one of the fastest foreclosure timelines in the country — often 40–60 days. If you're behind, time matters; we can usually close in 7–10 days.
Tennessee is a non judicial foreclosure state.
Closing custom
Either an attorney or a title company can close in Tennessee. You pick who to work with.
Local demand
Nashville is a top-10 national cash-buyer market. Memphis is the largest single-family-rental market in the country — exceptionally competitive offers. Knoxville and Chattanooga are very active.
Memphis market context
What makes Memphis different.
Memphis is a major metro of about 702,879 residents in Shelby County, TN. Average household income runs roughly $56k, which puts the estimated median home value around $185,000 and typical days-on-market near 24. That mix shapes how fixer-upper deals price and how fast they trade here — bigger metros see more competing offers, smaller markets see fewer bids per home but cleaner negotiating leverage.
- Population
- 702,879
- County
- Shelby
- Est. median home
- ~$185,000
- Typical DOM
- ~24 days
Nearby Tennessee markets
Fixer-Uppers in nearby Tennessee cities.
| City | Population | Est. median home | Page |
|---|---|---|---|
| Nashville | 434,265 | ~$254,000 | fixer-upper |
| Knoxville | 396,419 | ~$230,000 | fixer-upper |
| Chattanooga | 199,460 | ~$181,000 | fixer-upper |
| Murfreesboro | 158,277 | ~$246,000 | fixer-upper |
| Clarksville | 155,639 | ~$213,000 | fixer-upper |
Glossary
Key terms for fixer-upper in Memphis.
- ARV (After-Repair Value)
- What the Memphis property will sell for once renovated. Drives every offer formula; sanity-check it against sold comps within a half-mile and the last 90 days.
- 70% rule
- Max offer ≈ (ARV × 0.70) − rehab. A starting point, not a law; tight markets routinely transact at 75–80% of ARV.
- Assignment
- Selling your purchase contract to another investor before closing. The end buyer takes title; you collect an assignment fee.
- DSCR loan
- Debt-Service-Coverage-Ratio loan that qualifies on the property's rent — not your personal income. The standard way to scale past Fannie's 10-financed-property cap.
Other options for investors in Memphis
More in Memphis
Everything we cover for Memphis, TN.
City hub
We buy houses in Memphis
Market snapshot, FAQs, local comps.
County
Shelby County
Every city + court-filed situations.
Cost to sell
Closing costs in Memphis
Local commission, tax, title breakdown.
Compare
Compare cash buyers in Memphis
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Situations in Memphis
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Trusted by sellers to get cash + terms offers
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