516 Jeanne DrMemphis, TN 38109

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Traditional

Year built

1953

Stories

1

Building area

1,489 Sq Ft

Lot size

0.36 acres

Days on market

174

MLS^® Listing#

10219710

Property Features

Cooling

Central Air

Heating

Central

Flooring

Carpet

Fireplace

Decorative

Pool

None

Parking

Driveway

Patio

Porch

Lot features

Wooded

Construction

Brick Veneer

Roof

Composition · Shingle

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$1,897

Parcel number

076019 00013

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.