Maintenance Rate (% of GOI):
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5%
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This new construction investment home on Primrose Ln in Somerville 38068 features the Finch Front Load A plan: a well-proportioned 4-bed, 2.5-bath layout with approximately 1,957 square feet designed for long-term durability and everyday usability. The main level brings the kitchen, dining, and living areas together for efficient circulation and sightlines—ideal for modern renters—while the second level separates the bedrooms for privacy and quiet. Energy-saving systems, insulated Low-E windows, and robust attic and wall insulation help control utility costs. Interior finishes emphasize longevity and easy turns between tenancies: luxury vinyl plank in high-traffic areas, tile in baths, hard-wearing paint, shaker cabinetry with granite options, and a stainless appliance package. A vented microwave hood, garbage disposal, and pantry support daily function, while a 42-inch electric fireplace and designer lighting provide a polished, move-in-ready feel without adding maintenance complexity. Exterior materials combine brick and fiber-cement siding, with gutters, a keyed garage entry, and landscaped yards engineered for straightforward upkeep. Hedge Rose is a master-planned setting with modern infrastructure, consistent streetscapes, and convenient access to Highway 64 and the greater Memphis logistics network. From this Fayette County location, residents can reach employment centers in Oakland, Arlington, and the Memphis industrial corridor, including distribution, health care, and advanced manufacturing nodes. Somerville’s town center, parks, and nearby services support daily convenience, while the broader Memphis MSA offers steady population inflows, diverse employers, and an established rental base that favors thoughtfully built single-family homes. Professionally managed with Meridian’s local team—and eligible for Meridian’s rent warranty program—this Class A, turnkey property is positioned to deliver predictable operations, efficient maintenance, and competitive renter appeal in a stable, growth-oriented submarket.
Connect with a Meridian investment advisor to ask questions, evaluate the numbers, and explore how this property fits your goals. Theres no pressure — just expert guidance.
Buy this property for $364,000 and earn $2,300 per month in estimated rent.
All numbers are estimates for illustration only and not guaranteed. Actual performance, pricing, and rent may vary. This is not a commitment to sell or invest. Please consult your financial advisor. We expect the rent to be within $50 of the estimated rent. Meridian helps to protect the rental income for our investors through our rent warranty program.
Limited time offer. Call (901) 300-2260 to lock in your savings.
As the developer, Meridian can build investment properties anywhere we want. We carefully identify suburban submarkets that are likely to yield strong returns. We look for prime locations, stand out rankings, and close proximity to major employers. This is why we built the subdivision of Hedge Rose in Somerville, Tennessee.
Hedge Rose is a newer subdivision in Somerville, Tennessee, set within a larger, established community that continues to expand through multiple phases. The overall neighborhood is of meaningful scale, with prior phases already built out and additional development underway, including current construction in Phase 4 and planned expansion into Phase 5. This phased growth contributes to a more established feel compared to smaller, one-off developments, while still offering newer construction opportunities.
Homes typically range from approximately 1,800 to 2,500 square feet with 4+ bedroom layouts, providing functional designs that support consistent leasing demand. Lot sizes between a quarter and half acre create a more open, usable setting than higher-density subdivisions, contributing to a quieter, more spacious environment. The community has historically attracted residents seeking a more relaxed pace and well-kept surroundings, reinforcing its reputation as a stable and desirable neighborhood within the Somerville area.
Construction emphasizes durability and ease of ownership, with features such as luxury vinyl plank flooring in main areas, tile in wet spaces, solid-surface countertops, and energy-efficient systems. Standard inclusions like 9 to 10 foot ceilings and modern appliance packages help maintain competitive positioning while managing long-term maintenance exposure.
Located in Fayette County, Hedge Rose benefits from a low property tax structure and direct access to Highway 64, connecting the area to the growing eastern Memphis employment corridor, including BlueOval City and its expanding supplier network. This combination of community scale, newer construction, and regional growth supports steady housing demand and long-term investment stability.
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