The Story

516 Jeanne Drive

Memphis, TN 38109 · Home

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.


Facts & Features

Property Info

Price
$135,000
Completion Year
1,953
Floors
1
Bedrooms
3
Bathrooms
1

Features & Amenities

Fireplace

1 fireplace

Cooling

Central Air

Heating

Central

Flooring

Carpet

Roof

Composition, Shingle

Lot Information

Wooded

Water Source

Public

Sewer

Public Sewer

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Listing Broker

Crye-Leike, Inc., REALTORS

Broker Name

Crye-Leike, Inc., REALTORS

Agent

Amy D Woods

Location

Memphis TN 38117