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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. Leased through January 2027.

Features
Swimming Pool:
No
Heating System:
Central
Cooling System:
Central
Fireplace:
Decorative Only
Fireplaces:
1
FOUNDATION:
Conventional
PARKING/STORAGE:
Driveway/pad
Address Map
Country:
US
State:
TN
County:
Shelby
City:
Memphis
Subdivision:
WHITEHAVEN PARK FIFTH ADDN
Zipcode:
38109
Street:
JEANNE
Street Number:
516
Street Suffix:
DR
Floor Number:
0
Longitude:
W91° 57' 11.5''
Latitude:
N35° 2' 17.9''
Directions:
From Millbranch Rd and E Raines Rd, head West on E Raines Rd. Go past Orleans Rd. Take a right on Alice Dr. Then a right on Jeanne Dr. House is on the left.
MLS Addon
Agent ID:
12827
Status:
Active
Type:
Detached Single Family
# of Stories:
1
Lot Size:
92X175

Residential For Sale

516 JEANNE DR, Memphis, Tennessee 38109

3 Bedrooms
1 Bathrooms
0 Sqft
$135,000
Listing ID #10219710
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Listing ID :
10219710
Price :
$135,000
Bedrooms :
3
Bathrooms :
1
Full Bathrooms :
1
Half Bathrooms :
0
Square Footage :
0 Sqft
Year Built :
1953
Lot Area :
0.36 Acre
Status :
Active
Days On Market :
107
Contact Agent