Maintenance Rate (% of GOI):
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5%
5%
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35 Hughetta Street North offers investors a prime opportunity to own a new-construction, Class A rental property in Carrington Estates—one of Oakland’s most desirable and steadily growing communities within the greater Memphis metropolitan area. This thoughtfully designed Robin A floor plan features five bedrooms and three full baths, providing the space and flexibility that attract long-term tenants seeking modern suburban living with room to grow.
The home’s open-concept layout blends comfort and efficiency, with durable finishes and contemporary design elements that minimize upkeep and appeal to a wide range of renters. The kitchen serves as the centerpiece of the home, featuring quality cabinetry, energy-efficient appliances, and durable surfaces designed to withstand daily use. The downstairs primary suite offers privacy and convenience, while the additional bedrooms and lofted living area provide versatility for families, roommates, or work-from-home needs—key features that contribute to tenant satisfaction and retention.
Carrington Estates is known for its peaceful setting and family-friendly environment, with nearby schools, local parks, and retail conveniences enhancing its long-term appeal. Oakland continues to benefit from expanding infrastructure and easy access to major employment corridors via Highway 64 and I-269, connecting residents to the job markets of Memphis and the broader Shelby County area. For investors, this means strong regional demand and a resilient rental base supported by stable population growth and economic expansion.
Professionally managed and eligible for Meridian’s rent warranty program, this property provides a low-maintenance, turnkey solution designed for passive investors seeking predictable performance and long-term value. With its combination of quality construction, energy efficiency, and location within a thriving submarket, 35 Hughetta Street North stands out as a compelling addition to any Memphis-area investment portfolio.
LVP flooring in common areas
Carpet or LVP (upgrade) in the primary bedroom
Carpet in the secondary bedrooms
Ceramic tile in Premier primary bathrooms
LVP flooring in secondary bathrooms
Flat paint
Ceramic tile backsplashes in Premier kitchens
Granite or quartz (upgrade) countertops
Cultured marble bathroom countertops
9′ or 10′ ceilings
Designer Lighting Package
Stainless steel dishwasher, microwave, gas range (Premier) or electric range (Select)
Gas (Premier) or electric (Select) fireplace with modern mantle
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 $439,900 and earn $2,525 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 Carrington Estates in Oakland, Tennessee.
Carrington Estates is a larger-format community in Oakland, Tennessee, positioned next to a golf course and offering a more open, country-style setting while still remaining connected to the broader Memphis metro. Homes typically range from approximately 2,000 to over 3,000 square feet with 4–5 bedroom floor plans, providing a higher square footage profile than many surrounding subdivisions and appealing to renters who prioritize space, newer construction, and a quieter residential environment.
The neighborhood combines this more spacious, low-density feel with a consistent build standard across homes, supporting ease of management and repeatability for investors. The overall positioning creates an accessible form of upscale living, delivering larger homes and higher-end finishes at a price point that remains practical for a wide segment of the workforce. While Oakland schools are more moderate, the community benefits from proximity to nearby Arlington, where stronger educational options contribute to sustained housing demand in the area.
Homes are constructed with durable, low-maintenance materials including brick and fiber cement siding, architectural shingles, and energy-efficient systems such as high-efficiency HVAC, upgraded insulation, and Low-E windows. Interior finishes emphasize longevity and broad appeal, with luxury vinyl plank flooring in main living areas, tile in bathrooms, and solid-surface countertop options, helping reduce ongoing maintenance exposure.
Located in Fayette County, where property taxes remain among the lowest in the Memphis MSA, Carrington Estates combines larger home sizes with a favorable cost structure. Its proximity to the Ford BlueOval City development and the expanding eastern Memphis employment corridor supports long-term demand, positioning the community as a scalable option for investors targeting newer construction in a lower-density setting.
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