Transformation Tuesday: A Fresh Start for a Memphis Investment Property

Located in the heart of Memphis, 6777 Castlegate Cove is a beautifully renovated 3-bedroom, 2-bathroom home offering 1,562 square feet of comfortable living space. Originally built in 1986, this property has been thoughtfully updated to meet the needs of residents while remaining a strong investment for turnkey investors. This home combines convenience, comfort, and investment potential in a growing Memphis neighborhood.

Whether you’re expanding your portfolio or looking for your first turnkey investment, this property is a prime opportunity.

The Rehab Breakdown

This home underwent a $45,000 renovation, carefully planned to maximize both appeal and functionality.

Key updates include:

• Roof Replacement: The brand-new roof not only boosts curb appeal but also provides long-term protection and peace of mind for investors and residents alike.
• Plumbing & Electrical Updates: Essential system upgrades were completed, including a new plumbing layout and electrical enhancements, reducing future maintenance concerns and ensuring safety and efficiency.
• Cosmetic Enhancements: The home received fresh flooring, updated paint, and modern finishes throughout. These touches create a clean, inviting space that appeals to quality residents.
• HVAC Improvements: Installing a new, energy-efficient HVAC system ensures year-round comfort while minimizing utility costs and future repairs.
• Yard & Exterior Care: Landscaping improvements, gutter replacements, and general exterior updates significantly enhance the property’s curb appeal, making a great first impression for potential residents.
• Additional Updates: Small but impactful touches like tub refinishing, lock upgrades, and new appliances ensure that every corner of the home feels modern and well-maintained.

Each improvement was strategically planned to attract reliable residents, increase long-term rental stability, and minimize ongoing expenses. This property is turnkey-ready, allowing investors to step in with confidence, knowing that it’s both resident-ready and investment-smart.

See the transformation for yourself:

Why Invest in Memphis?

Memphis continues to be one of the nation’s most stable and promising markets for real estate investors. The city combines steady property appreciation with a strong rental demand, offering both growth potential and dependable income. Industries like logistics, healthcare, and manufacturing are fueling job growth, attracting residents who are seeking affordable, quality housing. Compared to other metro areas, Memphis offers investors the advantage of lower entry costs, strong resident retention, and long-term rental consistency.

Neighborhoods in Memphis are seeing sustainable growth, making properties like 6777 Castlegate Cove not just a short-term rental opportunity, but a long-term investment in a thriving market. For turnkey investors, this means predictable returns, minimal vacancy, and the confidence that comes with a property designed for success.

Bottom Line

6777 Castlegate Cove is more than just a renovated home—it’s a turnkey investment designed for both immediate rental income and long-term portfolio growth. With updates that cover everything from the roof to the smallest interior details, and a location in a stable, growing Memphis market, this property represents a smart opportunity for investors seeking reliability and peace of mind.

Ready to add this property to your portfolio? Schedule a call with our team today.

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