Briscoe Ellett III

3612 Hazelhedge Dr

Memphis, TN
$ 229,500 Beds 4 Baths 3 Sq 2,165
Monthly Estimate* How much can I afford?

Cash-flowing 2025 fully renovated property with government-backed income stream! This tenant-occupied home is currently rented at $1,839 per month, with most of the payment secured through the Section 8 program — a major strength for investors seeking consistent and predictable returns. Immediate income, established tenancy, and minimal downtime risk make this a smart portfolio addition. Opportunities like this don’t last long! Improvements include a new HVAC system, new gas water heater, new security doors, new roof, fully renovated kitchen, fully renovated bathrooms, and more!

Single Family

  • Price
  • $ 229,500
  • City
  • Memphis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Whitehaven-Graceland
  • Lot Size
  • 0.29 Acres
  • Zip
  • 38116
  • Sqr Footage
  • 2,165
  • Year Built
  • 1964
  • Taxes
  • $ 2702
  • Style
  • Traditional
  • MLS#
  • 10215096
Listed By: Marathon REALTORS, LLC
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Fireplaces 1
Status Active
Full Baths 3
Legal Subdivision Name HICKORY HILLS
Style Traditional
Stories Count 2
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 764B
Parcel Number 078034 00015
Status Active
Annual City Tax 1323
Annual County Tax 1379
Sale/Rent For Sale
Area Whitehaven/Graceland
Service Type Full Service Listing
Neighborhood Association None
Year Built 1964
Directions Head South on Graceland Drive from Winchester Road. Take your third left onto Hazelhedge Drive. The property will be on the left side of the road as you pass Briar Cove.
City Memphis
DOM 216

Interior Features

Living Room Separate Den
Beds 4
Total Baths 3
Number of Rooms 8
Downstairs Bedrooms 2
FLOORS/CEILINGS Hardwood Throughout

Exterior Features

Pool None
Lot 149
Lot Size Area 0.29
Lot Size 85X150
Parking Display C2A
Lot Description Some Trees
# Covered Parking Spaces 2
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer
Misc. Exterior Porch,Patio

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/20/2026 Listed $229,900
8/24/2026 1% - $229,500

Property vs Zip Code Average in 38116

Price
AVG $160K
$230K
Taxes
AVG $1,972
$2,702
Year Built
AVG 1960
1964
Visits
AVG 58
269
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

3612 Hazelhedge Dr Memphis, TN is a Single Family Home for sale at $229500 with 2165 sqft and a lot size of 0.29 Acres Acre(s). 3612 Hazelhedge Dr Memphis has 4 bedrooms, 3 baths and was built in 1964. The property's zip code is 38116 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Briscoe Ellett III

Briscoe Ellett III

901-282-9020

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