This newly built five-bedroom, three-bath home at 70 Hughetta Street North in Carrington Estates offers a compelling opportunity for investors seeking well-designed, low-maintenance Memphis investment properties. The Blue Jay C floor plan spans over 2,200 square feet and is tailored to support long-term tenant satisfaction with its functional layout, energy-efficient construction, and durable finishes.
The home opens into a welcoming great room with ample natural light and high ceilings, setting a spacious and modern tone. The open-concept kitchen features granite countertops, Shaker-style cabinetry, stainless steel appliances, and a large island ideal for both dining and workspace. With a split-bedroom layout, the primary suite is thoughtfully positioned for privacy and includes a well-appointed bath and walk-in closet. Additional bedrooms and bathrooms offer flexibility for multi-generational living or home office use—features increasingly important to today’s renters. LVP flooring in common areas, efficient mechanical systems, and durable exterior materials further enhance this property's appeal for investors focused on minimizing turnover and maintenance costs.
Carrington Estates is located in Oakland, Tennessee—just east of Memphis—in the fast-growing, low-tax jurisdiction of Fayette County. This master-planned community benefits from close proximity to Memphis job centers and is strategically positioned between the Ford/SK On Blue Oval City development and the upcoming EV battery facility in Byhalia. Local infrastructure includes strong public schools, active parks and recreation programming, and convenient access to shopping and commuter routes. Professionally managed and eligible for Meridian’s rent warranty program, this turnkey investment property for sale offers stable income potential and long-term upside in one of the most resilient rental markets in the Southeast.
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
Buy this property for $404,900 and earn $2,375 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.
This newly built five-bedroom, three-bath home at 70 Hughetta Street North in Carrington Estates offers a compelling opportunity for investors seeking well-designed, low-maintenance Memphis investment properties. The Blue Jay C floor plan spans over 2,200 square feet and is tailored to support long-term tenant satisfaction with its functional layout, energy-efficient construction, and durable finishes. The home
opens into a welcoming great room with ample natural light and high ceilings, setting a spacious and modern tone. The open-concept kitchen features granite countertops, Shaker-style cabinetry, stainless steel appliances, and a large island ideal for both dining and workspace. With a split-bedroom layout, the primary suite is thoughtfully positioned for privacy and includes a...
Start earning rental income immediately. This turnkey property will be move-in ready for tenants the day you close escrow. Our local property management team will take care of everything for you.
This is a brand new home that has never been lived in. New construction homes typically have the highest overall ROI of any single-family rental property.
Meridian’s build-to-rent properties are designed to attract and retain long-term tenants. We use durable materials, modern amenities, and open floor plans
This property is rated Class A. It is a top-tier property in a desirable neighborhood, featuring premium construction, modern finishes, and strong rental demand—ideal for stable appreciation and high-quality tenants.
Buy this property for $404,900 and earn $2,375 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.
Investor Sales and Support:
(901) 300-2260
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