At REI Nation, every week we get the chance to showcase one of our favorite parts of the turnkey investing process — property transformations. This week’s spotlight takes us to 1481 Main Street in Southaven, Mississippi, where a house built in 1962 has been given new life and purpose.
This single-story home now offers 3 bedrooms, 1.5 bathrooms, and 1,248 sq. ft. of updated living space, complete with a carport garage and modern improvements throughout. What started as an older property in need of repairs is now a reliable turnkey rental home that is move-in ready for residents and positioned to deliver steady returns for investors.
Southaven is a market we know very well, and projects like this one continue to show the potential that lies in the greater Memphis metro area.
The Rehab Breakdown
The final rehab budget for 1481 Main Street totaled $47,800, reflecting a full-scale renovation that touched nearly every part of the property. Our goal with every renovation is to find the balance between creating a safe, attractive home for residents and ensuring long-term performance for investors.
Here are the highlights of what was completed at this property:
- Cosmetic upgrades: Fresh paint, new lighting fixtures, and modern finishes throughout brought the interior up to today’s standards.
- Plumbing improvements: More than $10,000 was invested in plumbing, including repiping and necessary repairs, ensuring residents won’t face ongoing maintenance headaches.
- Roof replacement: A brand-new roof provides long-term durability, protecting both the home and the investment.
- Flooring updates: Fresh, modern flooring was installed throughout, creating a clean and welcoming feel for future residents.
- HVAC updates: System improvements were made to ensure reliable heating and cooling, improving both comfort and energy efficiency.
- Exterior work: The yard was refreshed, debris was cleared, and curb appeal was boosted to make a strong first impression.
- Locks and security upgrades: New locks were installed for resident peace of mind and safety.
By the end of the project, this home wasn’t just improved — it was completely transformed. What once may have been overlooked by families is now a home that residents can feel proud to live in, while providing investors with a stable and profitable asset.
See the transformation for yourself:
Why Invest in Southaven?
When it comes to real estate investing, Southaven consistently stands out as a smart and sustainable choice. Located just south of Memphis, this city offers the convenience of proximity to a major economic hub while maintaining the charm and livability of a suburban community.
Here are a few reasons Southaven is a strong market for turnkey rental properties:
- Population Growth: Southaven is one of the fastest-growing cities in Mississippi, bringing a steady demand for housing.
- Strong Economy: The city benefits from its connection to Memphis industries, including healthcare, logistics, and manufacturing.
- Appeal to Residents: With quality schools, family-friendly neighborhoods, and affordable living, Southaven attracts long-term residents who value stability.
- Consistent Appreciation: Home prices in this area continue to appreciate at a steady pace, making it a great long-term investment play.
For investors, Southaven represents the best of both worlds — reliable rental demand and the potential for property value growth. Combined with REI Nation’s property management expertise, homes like 1481 Main Street are positioned to deliver passive income and long-term returns.
The transformation of 1481 Main Street is a perfect example of why REI Nation is committed to markets like Southaven. By taking older properties and renovating them into modern, turnkey homes, we create opportunities that benefit both investors and residents.
This is what turnkey investing is all about: long-term stability, passive income, and the confidence that comes from working with a partner who handles every detail.
If you’re interested in learning more about investing in Southaven or other markets, schedule a call with our team today. Your next investment transformation could be right around the corner.
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