Strategic upgrades can unlock substantial investor returns. Located at 993 Nolan Lane in Cordova, Tennessee (part of the Memphis metro), this three-bedroom, two-and-a-half-bath single-family home offers 1,692 square feet, a two-car garage, and no HOA. Built in 1995, the property had a functional layout but needed targeted updates across key systems and finishes to transform it into a high-performing turnkey investment.
The home's square footage and location made it particularly attractive for families in the Cordova area. By concentrating on essential repairs and durable finishes while maintaining budget discipline, we were able to create a move-in ready rental that delivers strong performance. This property was a perfect example of how focused execution can turn a tired home into a dependable, low-maintenance rental ready to perform from day one.
The work prioritized structural integrity first, then moved to essential systems and durable finishes designed to minimize future maintenance while creating broad resident appeal. Our team focused on solving foundational challenges while delivering a clean, updated home built for rental performance. The work prioritized essential system updates and cosmetic upgrades designed to maximize durability and resident appeal while staying within budget. Our team focused on delivering a clean, updated home built for rental performance.
Major system upgrades: Water heater, furnace, and HVAC/AC were serviced. Plumbing, HVAC, and electrical repairs were completed by licensed contractors throughout.
Exterior updates: The exterior was pressure washed and received fresh paint on siding, trim, doors, and security doors. Gutters were cleaned and repaired, damaged wood and siding were replaced, and new fencing was installed on the left, right, and back of the yard.
Kitchen and bathroom renovations: The kitchen received new countertops, painted cabinets with new hardware, a backsplash, vent-a-hood, and new dishwasher. Bathrooms were updated with new tile floors, concrete backer board, new vanity lights, and fixture updates.
Flooring and interior finishes: New carpet was installed on stairs. All walls, ceilings, trim, and baseboards received fresh paint. New blinds, doorknobs, and doorstops were installed throughout. New ceiling fans with lights were added to the master bedroom and living room.
Final touches: Roof repairs completed, garage floor pressure washed, all locks rekeyed, professional landscaping completed, and full cleaning ensured move-in readiness.
All the work listed and more was completed with a final rehab budget of $41,000, resulting in a clean, updated, low-maintenance home designed to perform as a true turnkey investment.
See the transformation for yourself:Cordova, part of the greater Memphis metro area, offers turnkey real estate investors an attractive combination of stability and growth potential. The area is known for its strong schools, family-friendly neighborhoods, and convenient access to Memphis employment centers. Cordova residents benefit from steady population growth and consistent demand for quality rental housing.
For turnkey real estate investors, Cordova stands out for its accessible price points, strong rental demand, and long-term potential. Homes like this, properly updated and competitively priced, are especially attractive to families seeking quality housing, making them ideal long-term holds for investors seeking stability and predictable returns.
Bottom Line
993 Nolan Lane is proof that you don't have to do too much to get great results—just the right things. Thoughtful updates and a clear strategy turned this home into a solid, turnkey-ready investment property.
Interested in learning more about this property or investing in the Memphis area? Contact our team today and see how thoughtful renovations and proven property management can help you build a turnkey real estate portfolio with confidence.