2533 School Ave

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🔥 Flip / BRRR Opportunity – Memphis, TN (38112)

📍 2533 School Ave, Memphis, TN 38112

💰 Asking / Assignment Price: $82,500
📈 ARV: ~$249,000
🛠️ Estimated Rehab: ~$80,000
💵 Projected Gross Profit: ~$59,000+
🚚 Vacant | Ready to Close

3 Beds | 1 Bath | 1,242 SqFt
🏡 Single-Family | Built 1920
🌳 Lot Size: 9,757 SqFt
🚗 Carport + Attached Garage
🔥 Fireplace | Partial Basement

This vacant single-family home sits in a strong 38112 Memphis pocket and offers excellent upside for experienced investors. The property requires a full rehab and is ideal for a fix & flip or BRRR strategy. There’s also potential to convert to a 4-bedroom Section 8 rental, increasing long-term cash flow.

🏡 Property Highlights:

• Large lot and solid footprint

• Partial basement adds flexibility

• Fireplace for resale appeal

• Garage + carport

• Crawlspace foundation in good condition

🛠️ Condition Overview:

• Major / full rehab required

• Roof approx. 4–10 years old

• Central AC present

• Solid foundation reported

💡 Why This Deal Works:

• Strong ARV near $250K

• Clear value-add through rehab

• Multiple exit strategies (flip, BRRRR, Section 8)

• Vacant → no delays

🔥 Solid numbers, strong upside, and ready to move — submit your offer and lock in this Memphis opportunity.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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