Briscoe Ellett III

194 E Biscayne Rd

Memphis, TN
$ 124,900 Beds 4 Baths 2 Sq 1,165
Monthly Estimate* How much can I afford?

VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can't match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.

Single Family

  • Price
  • $ 124,900
  • City
  • Memphis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Whitehaven-Graves
  • Lot Size
  • 0.32 Acres
  • Zip
  • 38109
  • Sqr Footage
  • 1,165
  • Year Built
  • 1956
  • Taxes
  • $ 789
  • Style
  • Traditional
  • MLS#
  • 10224807
Listed By: KAIZEN Realty, LLC
Data Source: Memphis MLS (MAAR)

Features

General

Heating Wall Unit
Cooling No Cooling
Status Active
Full Baths 2
Legal Subdivision Name BARTON HEIGHTS 1ST ADDN
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 763A
Parcel Number 050122 00009
Status Active
Annual City Tax 386
Annual County Tax 403
Sale/Rent For Sale
Area Whitehaven/Graves
Service Type Full Service Listing
Neighborhood Association None
Year Built 1956
Directions Blues Hwy to Biscayne Rd. E to home
City Memphis
DOM 91

Interior Features

Dining Room 10x10
Living Room Eat-In Kitchen,Vinyl/Luxury Vinyl Floor
Living Room Dimensions 12x12
Beds 4
Total Baths 2
Number of Rooms 6
Downstairs Bedrooms 4
FLOORS/CEILINGS Vinyl/Luxury Vinyl Floor

Exterior Features

Pool None
Lot 312
Lot Size Area 0.32
Lot Size 70X200
Parking Display No
Lot Description Wooded
PARKING/STORAGE Driveway/Pad,On-Street Parking
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

6/26/2026 Listed $130,000
8/20/2026 4% - $124,900

Property vs Zip Code Average in 38109

Price
AVG $110K
$120K
Taxes
AVG $1,255
$789
Year Built
AVG 1963
1956
Visits
AVG 75
116
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

194 E Biscayne Rd Memphis, TN is a Single Family Home for sale at $124900 with 1165 sqft and a lot size of 0.32 Acres Acre(s). 194 E Biscayne Rd Memphis has 4 bedrooms, 2 baths and was built in 1956. 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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