Maintenance Rate (% of GOI):
2%
3%
4%
5%
5%
5%
5%
5%
5%
5%
This Primrose home represents an exceptional opportunity for investors seeking a low-maintenance, income-producing asset in one of the Memphis MSA’s most stable and steadily growing suburban markets. Located in the Hedge Rose community of Somerville, this new construction home features the Finch Front Load A plan — a thoughtfully designed 4-bedroom, 2.5-bath layout that maximizes livability and long-term tenant appeal. With approximately 1,270 square feet of modern, efficient living space, the home offers the kind of quality and functionality that supports strong retention and consistent performance over time.
Inside, the open-concept layout is ideal for today’s renters, featuring durable finishes, energy-efficient systems, and a design that balances comfort and practicality. The main level’s seamless flow between the kitchen, dining, and living areas encourages connection and ease of use, while the upstairs bedrooms provide privacy and space for families or working professionals. Smart construction standards and durable materials reduce ongoing maintenance needs — a key benefit for investors prioritizing predictable operating costs and asset longevity.
Set within Hedge Rose, a peaceful, master-planned neighborhood, this property benefits from modern infrastructure, well-maintained common areas, and proximity to schools, parks, and local amenities. Somerville continues to draw residents seeking more space and value within easy reach of Memphis’ employment centers, logistics corridors, and major highways, supporting a stable tenant base and long-term rental demand.
As part of Meridian’s professionally managed portfolio, this Primrose property is a turnkey investment in a Class A community designed for both performance and peace of mind. The combination of new construction quality, reliable management, and the strength of the greater Memphis real estate market makes this property a compelling option for out-of-state and 1031 exchange investors seeking sustainable returns in a proven growth corridor.
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 $342,000 and earn $2,150 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 Hedge Rose in Somerville, Tennessee.
Hedge Rose is a newer subdivision in Somerville, Tennessee, set within a larger, established community that continues to expand through multiple phases. The overall neighborhood is of meaningful scale, with prior phases already built out and additional development underway, including current construction in Phase 4 and planned expansion into Phase 5. This phased growth contributes to a more established feel compared to smaller, one-off developments, while still offering newer construction opportunities.
Homes typically range from approximately 1,800 to 2,500 square feet with 4+ bedroom layouts, providing functional designs that support consistent leasing demand. Lot sizes between a quarter and half acre create a more open, usable setting than higher-density subdivisions, contributing to a quieter, more spacious environment. The community has historically attracted residents seeking a more relaxed pace and well-kept surroundings, reinforcing its reputation as a stable and desirable neighborhood within the Somerville area.
Construction emphasizes durability and ease of ownership, with features such as luxury vinyl plank flooring in main areas, tile in wet spaces, solid-surface countertops, and energy-efficient systems. Standard inclusions like 9 to 10 foot ceilings and modern appliance packages help maintain competitive positioning while managing long-term maintenance exposure.
Located in Fayette County, Hedge Rose benefits from a low property tax structure and direct access to Highway 64, connecting the area to the growing eastern Memphis employment corridor, including BlueOval City and its expanding supplier network. This combination of community scale, newer construction, and regional growth supports steady housing demand and long-term investment stability.
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