Maintenance Rate (% of GOI):
2%
3%
4%
5%
5%
5%
5%
5%
5%
5%
This Hughetta St S home offers investors an exceptional opportunity to acquire a high-performing new construction property in Carrington Estates, one of Oakland’s most desirable and fast-growing communities just east of Memphis. The Redbird A plan delivers a spacious and practical 4-bedroom, 4.2-bath layout designed for long-term tenant appeal and efficient property management. Modern finishes, durable materials, and thoughtful design choices throughout the home contribute to lower maintenance costs and a superior living experience that encourages tenant retention.
Inside, the open-concept living area creates a sense of flow and functionality, ideal for modern lifestyles. The kitchen features contemporary cabinetry, energy-efficient appliances, and generous counter space — all selected for both aesthetic appeal and easy upkeep. Each bedroom is comfortably sized, while the inclusion of multiple full baths supports flexible household arrangements. With its balanced design and durable finishes, this property exemplifies the kind of turnkey, Class A investment that’s increasingly hard to find in established suburban markets.
Carrington Estates continues to attract residents seeking newer homes, good schools, and a peaceful, suburban lifestyle within easy reach of the Memphis metro area. Oakland offers access to major employment corridors, quality retail, and abundant green space, making it one of the most stable rental submarkets in the region. Investors also benefit from the area’s growing population, modern infrastructure, and proximity to economic hubs across Fayette and Shelby Counties.
This home is professionally managed and eligible for Meridian’s rent warranty program, offering investors confidence in both performance and management continuity. With new construction quality, energy-efficient systems, and strong local fundamentals, this Hughetta St S property stands out as a smart, low-maintenance investment property near Memphis — ideal for out-of-state buyers and 1031 exchange investors seeking long-term stability in a thriving market.
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 $359,900 and earn $2,200 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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