Located in Oakland, Tennessee — one of the best markets to invest near Memphis — this brand-new home in Carrington Estates presents an outstanding opportunity for buyers seeking a high-quality turnkey investment property.

This thoughtfully designed 5-bedroom, 2.5-bathroom home features the Cypress B floor plan, ideal for both owner-occupants and renters. The layout includes two bedrooms on the main level and three additional bedrooms upstairs, offering versatility for today’s tenants who want home office space, guest rooms, or a fitness/yoga setup. The open-concept design flows through the central family room into a modern chef’s kitchen, complete with upscale finishes and smart layout features like easy access to the two-car garage.

The private primary suite is positioned on the main level and includes a spa-style ensuite bath with a soaking tub, walk-in shower, dual vanities, and two walk-in closets. Upstairs, renters will find spacious bedrooms — including one with its own sitting area — plus a full bath that supports family or shared-living needs.

Carrington Estates is a well-located community with just 44 homesites, designed for those who value peaceful suburban surroundings without giving up convenience. The neighborhood is near schools, shopping, and major employers, making it a strong choice for real estate investors targeting the Memphis MSA.

With demand for turnkey rental properties near Memphis on the rise, this new construction home offers excellent long-term potential in a growth market with strong rental yields.