Briscoe Ellett III

1561 Preston St

Memphis, TN
$ 69,000 Beds 3 Baths 1 Sq 974
Monthly Estimate* How much can I afford?

Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 3-bedroom, 1-bath home is the perfect addition to your rental portfolio. Featuring strong cash flow potential, spacious living areas, and a functional floor plan, this property is already set up to generate consistent monthly income. Property is occupied by a tenant at $695 per mo. ***DO NOT DISTURB*** Drive by to make offers. No viewing without an Seller Accepted offer. Due Diligence performed during walkthrough once accepted. Cash offers must show a Valid Proof of Funds. Must present a Pre Approval for all Conventional Loans. ***Professional Property Management in Place***> Seller also Selling 572 Burlington Cir< ~Sorry No Wholesalers, No Creative Financing and No Hard Money Loans~

Single Family

  • Price
  • $ 69,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • South Memphis-61 Hwy
  • Lot Size
  • 0.18 Acres
  • Zip
  • 38106
  • Sqr Footage
  • 974
  • Year Built
  • 1997
  • Taxes
  • $ 823
  • Style
  • Traditional
  • MLS#
  • 10221417
Listed By: Zach Taylor Real Estate
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Status Active
Full Baths 1
Legal Subdivision Name CENTRAL LAND CO BLK 8
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 747B
Parcel Number 034013 00008
Status Active
Annual City Tax 403
Annual County Tax 420
Sale/Rent For Sale
Area South Memphis/61 Hwy
Service Type Full Service Listing
Neighborhood Association None
Year Built 1997
Directions Take 55 North to S Parkway West,Exit 26B,Right on Preston.
City Memphis
DOM 132

Interior Features

Living Room LR/DR Combination,Other (See Remarks)
Beds 3
Total Baths 1
Number of Rooms 5
Downstairs Bedrooms 3
FLOORS/CEILINGS Tile,Vinyl/Luxury Vinyl Floor

Exterior Features

Pool None
Lot 21
Lot Size Area 0.18
Water & Sewer Public Water,Public Sewer
Lot Size 53X151
Parking Display No
Lot Description Some Trees,Other (See Remarks)
PARKING/STORAGE Driveway/Pad,Other (See REMARKS)
EXTERIOR/WINDOWS Brick Veneer
Misc. Exterior Wrought Iron Security Drs,Porch,Other (See REMARKS)

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

5/12/2026 Listed $73,000
6/19/2026 5% - $70,000
9/18/2026 2% - $69,000

Property vs Zip Code Average in 38106

Price
AVG $90K
$70K
Taxes
AVG $1,234
$823
Year Built
AVG 1950
1997
Visits
AVG 72
67
Data Provided by Inside Real Estate®

Areas That We Cover

1561 Preston St Memphis, TN is a Single Family Home for sale at $69000 with 974 sqft and a lot size of 0.18 Acres Acre(s). 1561 Preston St Memphis has 3 bedrooms, 1 baths and was built in 1997. The property's zip code is 38106 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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