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About This Home
This 3-bedroom, 1-bathroom single family at 516 JEANNE Dr in Memphis, TN is listed for $135,000 ($91 per sqft). Built in 1953, the home offers 1,489 sqft of living space on a 0.36 acres lot.
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.
Key Features
- Built in 1953
- 0.36 acre lot
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$722/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
516 JEANNE Dr
Memphis, TN 38109
WHITEHAVEN PARK FIFTH ADDN
Features & Amenities
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 516 JEANNE Dr is listed at $135,000 ($91/sqft). The estimated monthly payment is $585 based on 20% down at 6.5% interest.
Key features include: Built in 1953, 0.36 acre lot, Fireplace. Exterior Features: Porch.
This property is listed by Amy Woods and can be reached at 9014857005 or woodsrealestate901@gmail.com.
