Briscoe Ellett III

380 Elder Rd

Memphis, TN
$ 99,900 Beds 3 Baths 1 Sq 804
Monthly Estimate* How much can I afford?

Investor-friendly opportunity with immediate rental income! This recently renovated 3-bedroom, 1-bath home is tenant occupied with a lease in place from 7/1/2026 through 7/1/2028, offering stability from day one. Updated and income-producing, this property is a great addition to any rental portfolio. Ideal for investors seeking a turnkey, cash-flowing asset with a long-term tenant already secured.

Single Family

  • Price
  • $ 99,900
  • City
  • Memphis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SHELBY
  • Half Bathrooms
  • 0
  • Area
  • Mitchell-Westwood
  • Lot Size
  • 0.19 Acres
  • Zip
  • 38109
  • Sqr Footage
  • 804
  • Year Built
  • 1955
  • Taxes
  • $ 709
  • Style
  • Traditional
  • MLS#
  • 10229259
Listed By: Crye-Leike, Inc., REALTORS
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 00023
Status Active
Annual City Tax 347
Annual County Tax 362
Sale/Rent For Sale
Area Mitchell/Westwood
Service Type Full Service Listing
Neighborhood Association None
Year Built 1955
Directions From Mitchell Rd and Horn Lake,Go West On Mitchell To Left On Rochester To Right On Elder Road. 380 Elder Road Will Be On Your Right
City Memphis
DOM 30

Interior Features

Dining Room NA
Living Room Separate Living Room,Eat-In Kitchen
Living Room Dimensions NA
Beds 3
Total Baths 1
Number of Rooms 5
FLOORS/CEILINGS Vinyl/Luxury Vinyl Floor

Exterior Features

Pool None
Lot 15
Lot Size Area 0.19
Lot Size 48X150
Parking Display No
Lot Description Other (See Remarks)
PARKING/STORAGE Other (See REMARKS)
EXTERIOR/WINDOWS Other (See Remarks)
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
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

8/28/2026 Listed $99,900

Property vs Zip Code Average in 38109

Price
AVG $110K
$100K
Taxes
AVG $1,255
$709
Year Built
AVG 1963
1955
Visits
AVG 75
14
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

380 Elder Rd Memphis, TN is a Single Family Home for sale at $99900 with 804 sqft and a lot size of 0.19 Acres Acre(s). 380 Elder Rd Memphis has 3 bedrooms, 1 baths and was built in 1955. 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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