Hey all. I recently picked up a Memphis P bass on the local CL.
Nice chunky maple neck, F-style peghead, ply body, original bridge and PU covers, sunburst, with a definitely, uh, beauty challenged "tort" pickguard. P style split PU. Apparently, I am the second owner, and all appears original. It weighs a little over 9 lbs. Model # is PB 100-3, based on the attached label on the neck plate.
Overall physically, it's a 9 out of 10, a few nicks and some wear marks, but nothing really to worry about.
Mechanically, it needed a bit of work. Filed the frets, adjusted the truss rod, reset the nut, set the action. The action was really high, but is pretty nice now. Newer strings didn't hurt, I think the strings on there were new when the bass was new. Real work was cleaning the dust and grime from it just sitting for some time.
Intonation is the best I have ever heard, completely right across the neck. The tone is amazing! Unplugged, very loud, and clear as a bell. Plug it in, and it's probably the loudest passive bass I have ever heard. Punchy and very aggressive, with a good range of sounds, the tone knob actually does it's job. It'd be great for metal, except for only having 4 strings.

I think I did ok for $75.
Don't sleep on these things, people. Cheap, pretty common, not bad to look at, decently made, and a great test bed for "ideas" with out messing up a "better" bass.
Don't know if anyone is still doing the "handing out numbers" thing on this club, just had to chime in anyway.
Pics to come...
wraub