This five-bedroom, three-bath home in Carrington Estates offers 2,500 square feet of new construction in one of the most attractive growth markets outside Memphis. Located in Oakland, Tennessee, this area continues to draw long-term renters and out-of-state investors seeking stable cash flow, quality tenants, and long-term appreciation potential.

Built in 2024, the home features an open-concept layout with durable, low-maintenance finishes selected for performance and appeal. The property includes luxury vinyl plank flooring in shared spaces, granite countertops, stainless steel appliances, modern fixtures, and a spacious layout that supports both family living and tenant retention. It also includes a two-car garage, large walk-in pantry, soaking tub in the primary bath, and energy-efficient systems—all key features that support higher rent values and lower turnover.

Carrington Estates is a new 44-lot subdivision developed by Meridian Pacific Properties, designed with both residents and investors in mind. The community offers well-maintained common areas and green space, with easy access to shopping, schools, medical services, and commuter routes. Investors benefit from low property taxes, modest HOA fees, and proximity to the Blue Oval City development and regional logistics corridor.

The property is fully leased and professionally managed by Meridian’s in-house team, allowing for true turnkey ownership. As with all Meridian homes, it qualifies for potential investor incentives—including special offers on closing costs or bundled purchases.

Whether you're completing a 1031 Exchange or expanding your rental portfolio, this home is an ideal fit for investors seeking move-in-ready assets with immediate income and long-term appreciation potential.