$135,000

516 JEANNE DR, Memphis, TN 38109

3 beds |
1 bath |
1,489 sqft

Single-Family Home
Built in 1953
0.36acre lot
—— car garage
$91/sqft
Listed 1 day ago

Property Description

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.

Listing Status:: Active
Date Added:: April 20, 2026
Data Last Updated:: April 21, 2026 at 4:44AM
Listing Office:: Crye-Leike, Inc., REALTORS : 901-766-9004
MLS ID:: 10219710

Rooms: 6
Flooring: Part CarpetTextured Ceiling
A/C: Central
Heating: Central
Fireplace: Decorative OnlyFireplaces: 1

General: Brick VeneerPorch
Style: Traditional
Pool: None
Parking: Driveway/Pad

Roofing: Composition Shingles
General: 1Conventional

County: Whitehaven/Graves

Zoning: 076019 00013

Water: Public SewerPublic Water
Sewer: Public SewerPublic Water

This listing courtesy of Crye-Leike, Inc., REALTORS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Westhaven Elementary School

4585 Hodge Rd, Memphis, TN, 38109

Grades PK-5

1.02 miles away

Freedom Preparatory Academy Whitehaven Middle at Brownlee Ca

817 Brownlee Rd, Memphis, TN, 38116

Grades 6-8

0.72 miles away

Southwest Career Technology Center

3746 Horn Lake Rd, Memphis, TN, 38109

Grades 10-12

1.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.