MADISON EAST APARTMENTS 2780 Madison Avenue, Memphis, TN 38111 64 Units Built 1967 Proforma Cap Rate 7.75% Proforma Cash on Cash 8.35% (or 10.5% with 2 year IO) * * Proforma. Based on Agency Financing ALSO AVAILABLE: 3 Duplex / 3 SF Home Portfolio offering opportunity to control entire city block! (See Document Center and OM for Pricing and Details) LOCATION HIGHLIGHTS Strategically positioned midway between the densely developed employment anchors of East and Midtown Memphis. Near Existing Job Anchors 105,000+ Jobs combined in Midtown’s Medical District and Downtown’s Central Business District Convenient to 110,000+ Jobs White Collar Office Hub surrounding the I-240/Poplar node in East Memphis. Close to Thousands of New Jobs near Health Care Expansion Over $14.2 Billion in medical campus expansion underway and in planning for St. Jude Children's Hospital and the newly announced Regional One Health hospital campus Emerging Market for Artificial Intelligence Coupled with the Memphis regions’ logistics empire, the emerging sector of AI spearheaded by Elon Musk’s xAI’s expansion into the city, is expected to mushroom Memphis’ economy. By some sources, xAI’s $20 Billion investment is poised to exceed $50 Billion when considering hardware, infrastructure, and operational expenditures. INVESTMENT HIGHLIGHTS Consistent Historical Operations: Stable 90%+ occupancy. Well-maintained, newly paved with perimeter fencing, 66% of units are updated with upgraded baths, new flooring, refaced/refinished cabinets, while 34% of Legacy Units offer untapped value-add potential. High Demand and ROI: Apartment fundamentals improved in Q1 as demand outpaced supply. Increased renter retention and tapering construction favor multifamily performance over the longer term. Coupled with rising job opportunities [new 1000-job Amazon facility, xAI, and ongoing health care expansion], and with high homeownership costs, Memphis is poised to see an unprecedented demand for rentals, offering stronger cash flow potential for investors with significant appreciation to follow.