$135,000
 $725 est/mo Sourced by Back At You

516 Jeanne Dr,Memphis, TN 38109

Memphis, TN 38109

Share:

Description

Renovated in 2024, this income-producing property is a strong opportunity for investors seeking a turnkey, rent-ready asset with professional management already in place. The home offers a functional layout featuring a spacious living area, updated finishes, and well-sized bedrooms designed for comfortable living. Exterior highlights include a large backyard and ample parking, adding to long-term tenant appeal. Currently tenant-occupied and professionally managed by Mid South Best Rentals, this property provides immediate cash flow and a seamless transition for the new owner. The lease will remain in place, with all tenant rights transferring making this a true hassle-free investment opportunity. Drive-by only; do not disturb tenant. Leased through January 2027.

Details

MLS #10219710
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1953
Days On Site140
Listing Provided ByCrye-Leike, Inc., REALTORS | Amy Woods

Features

Bed(s)3
Bath(s) 1 Total
Story(s)1
Acreage0.36
Property ViewSome Trees

Interior

Number Of Rooms6
CoolingCentral
HeatingCentral

Exterior

RoofComposition Shingles
FoundationConventional
Lot DescriptionSome Trees

Area Information

StateTN
CountyShelby
CityMemphis
Zip Code38109
AreaWhitehaven | Graves
Subarea763E
Community NameWHITEHAVEN PARK 5TH ADD
Listing VS Median (in WHITEHAVEN PARK 5TH ADD)
Price:
$135,000
low | high
Med:
$0
On site:
140
low | high
Med:
Sourced by Back At You

Market Activity 38109

Request a showing

Request a showing

Contact


Additional Information


Showing Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Kaizen Realty at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Memphis Area Association of Realtors.

Contact

Learn More About This Property

StateTN
CountyShelby
CityMemphis
Zip Code38109
AreaWhitehaven | Graves
Subarea763E
Community NameWHITEHAVEN PARK 5TH ADD
Listing VS Median (in WHITEHAVEN PARK 5TH ADD)
Price:
$135,000
low | high
Med:
$0
On site:
140
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $101K - $168K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
4067 GRANTHAM RD Property Photo 1
$79,900
4067 Grantham Rd
Memphis, TN 38109
500 SULLIVAN DR Property Photo 1
$137,500
500 Sullivan Dr
Memphis, TN 38109
401 BONITA DR Property Photo 1
$59,900
401 Bonita Dr
Memphis, TN 38109
Listing Updated: August 21, 2026 at 2:07:07 PM PDT