Turnkey Class A Renovation I 2020 Exhaustive Rehab 52 Residences Midtown I Memphis MSA Opportunity Zone | Offered Below Replacement Cost $5,900,000 | $113K/Unit Proforma NOI: $398,000 | Proforma Cap: 6.75% Hollywood Square is a renovated 52-unit multifamily community in Midtown Memphis. Renovated in 2020, the property offers investors a turnkey opportunity at a price well below replacement cost and prior ownership basis, with additional upside through operational efficiencies and expense optimization. Located between the Medical District, Downtown, and East Memphis, the property features modernized interiors, upgraded building systems, controlled-access parking, and convenient access to Midtown’s top dining, entertainment, and employment centers. Since renovation, Hollywood Square has maintained strong renter demand and stable 90%+ occupancy. Investment Highlights Turnkey 2020 Renovation — Comprehensive 2020 rehab minimizes near-term capital expenditures Basis Below Replacement Cost — Offered below prior ownership basis (- ~20%) and current replacement cost Operational Upside — Underwritten on historical revenue with proven occupancy and operational restructuring supporting achievable NOI growth Modern Interiors — All new kitchens and baths, quartz countertops, stainless appliances, in-unit washer/dryers Midtown Infill Location — Centrally located between the Medical District, Downtown, and East Memphis employment corridors Proven Renter Acceptance Post-Renovation — Originally well received following renovation with durable renter appeal and historically stable 90%+ occupancy Opportunity Zone — OZ designation offering potential tax advantages for qualifying investors Emerging Macro Tailwinds — Long-term demand supported by St. Jude expansion, Medical District investment, and growing AI/data infrastructure activity throughout Memphis Continued Reinvestment in Immediate Micro-Location — Ongoing reinvestment within the surrounding corridor may create future opportunities to expand operational scale through additional multifamily acquisitions Details Available Upon Request.