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.
- Swimming Pool:
- No
- Heating System:
- Central
- Cooling System:
- Central
- Fireplace:
- Decorative Only
- Fireplaces:
- 1
- FOUNDATION:
- Conventional
- PARKING/STORAGE:
- Driveway/pad
- 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.
- Agent ID:
- 12827
- Status:
- Active
- Type:
- Detached Single Family
- # of Stories:
- 1
- Lot Size:
- 92X175
Residential For Sale
516 JEANNE DR, Memphis, Tennessee 38109
- 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

