Briscoe Ellett III

389 W Mitchell Rd

Memphis, TN
$ 104,000 Beds 3 Baths 1 Sq 948
Monthly Estimate* How much can I afford?

CALLING ALL INVESTORS!!!  Seller is willing to sell this property as part of a package with 2961-2963 GRENADIER CV/Vacant and 5025 BERTA RD/Occupied at a REDUCED PRICE. Contact co-listing or your agent for more info! This tenant-occupied rental offers an opportunity to add another income-producing property to your portfolio. This 3-bedroom, 1-bath single-family home is currently generating $1,045/ month in rental income, with the current lease running through 04/03/2028. An opportunity to purchase an income-producing property with a tenant already in place. Please do not disturb the tenant. No showings without an accepted offer. NO wholesale, assignment or creative financing offers will be accepted. Financials available upon request. Professionally Managed IN-HOUSE

Single Family

  • Price
  • $ 104,000
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Mitchell-Westwood
  • Lot Size
  • 0.2 Acres
  • Zip
  • 38109
  • Sqr Footage
  • 948
  • Year Built
  • 1956
  • Taxes
  • $ 911
  • Style
  • Traditional
  • MLS#
  • 10225449
Listed By: Foundation Property Management
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Status Active
Full Baths 1
Legal Subdivision Name J E WALKER HOMES
Style Traditional
Stories Count 1
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 762B
Parcel Number 075087 00011
Status Active
Annual City Tax 446
Annual County Tax 465
Sale/Rent For Sale
Area Mitchell/Westwood
Service Type Full Service Listing
Neighborhood Association None
Year Built 1956
Directions From New Horn Lake Rd,go West on W Mitchell Rd; property on left.
City Memphis
DOM 80

Interior Features

Living Room Separate Dining Room,Vinyl/Luxury Vinyl Floor
Beds 3
Total Baths 1
Number of Rooms 5
Downstairs Bedrooms 3
FLOORS/CEILINGS Vinyl/Luxury Vinyl Floor

Exterior Features

Pool None
Lot 3
Lot Size Area 0.2
Lot Size 60X150
Parking Display No
Lot Description Level
PARKING/STORAGE Driveway/Pad
EXTERIOR/WINDOWS Brick Veneer,Vinyl Siding
Misc. Exterior 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
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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

7/6/2026 Listed $118,000
9/24/2026 12% - $104,000

Property vs Zip Code Average in 38109

Price
AVG $110K
$100K
Taxes
AVG $1,255
$911
Year Built
AVG 1963
1956
Visits
AVG 75
49
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

389 W Mitchell Rd Memphis, TN is a Single Family Home for sale at $104000 with 948 sqft and a lot size of 0.2 Acres Acre(s). 389 W Mitchell Rd Memphis has 3 bedrooms, 1 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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