Briscoe Ellett III

516 Jeanne Dr

Memphis, TN
$ 135,000 Beds 3 Baths 1 Sq 1,489
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 135,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Whitehaven-Graves
  • Lot Size
  • 0.36 Acres
  • Zip
  • 38109
  • Sqr Footage
  • 1,489
  • Year Built
  • 1953
  • Taxes
  • $ 1897
  • Style
  • Traditional
  • MLS#
  • 10219710
Listed By: Crye-Leike, Inc., REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Fireplaces 1
Status Active
Full Baths 1
Legal Subdivision Name WHITEHAVEN PARK FIFTH ADDN
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 763E
Parcel Number 076019 00013
Status Active
Annual City Tax 929
Annual County Tax 968
Sale/Rent For Sale
Area Whitehaven/Graves
Service Type Full Service Listing
Neighborhood Association None
Year Built 1953
Directions From Millbranch Rd and E Raines Rd,head West on E Raines Rd. Go past Orleans Rd. Take a right on Alice Dr. Then a right on Jeanne Dr. House is on the left.
City Memphis
DOM 157

Interior Features

Living Room Separate Living Room
Beds 3
Total Baths 1
Fireplace Decorative Only
Number of Rooms 6
Downstairs Bedrooms 3
FLOORS/CEILINGS Part Carpet,Textured Ceiling
BEDROOM 3 DESCRIPTION Level 1
BEDROOM 2 DESCRIPTION Level 1

Exterior Features

Foundation Conventional
Pool None
Lot 39
Lot Size Area 0.36
Water & Sewer Public Water,Public Sewer
Lot Size 92X175
Parking Display No
Lot Description Some Trees
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer
Misc. Exterior Porch

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

4/21/2026 Listed $135,000

Property vs Zip Code Average in 38109

Price
AVG $110K
$140K
Taxes
AVG $1,255
$1,897
Year Built
AVG 1963
1953
Visits
AVG 75
150
Data Provided by Inside Real Estate®

Areas That We Cover

516 Jeanne Dr Memphis, TN is a Single Family Home for sale at $135000 with 1489 sqft and a lot size of 0.36 Acres Acre(s). 516 Jeanne Dr Memphis has 3 bedrooms, 1 baths and was built in 1953. The property's zip code is 38109 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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