SUMMERWOOD APARTMENTS 4015 Summer Avenue | East Memphis, TN 38122 Built: 1959 Occupancy: 83% Asking Price: $1,525,000 ($50,833/unit) INVESTMENT HIGHLIGHTS HIDDEN GEM WITH VALUE-ADD UPSIDE Near 10 year hold with minimal rent escalation—a compelling opportunity for value enhancement and income growth via gradual mark-to-market approach or light cosmetic upgrades 1959 construction with washer hookups in kitchen All-brick exteriors Robust historic operations with rental upside RARE EAST MEMPHIS OPPORTUNITY Sought-after East Memphis location offering strong demographics and tenant appeal Prime access to the I-240/Poplar White-Collar employment hub, home to 110,000+ jobs Just 5 miles from Baptist Memorial Hospital campus, the flagship facility of Baptist's 21,000-employee regional health system, which is surrounded by a dense cluster of medical clinics and health care providers MEMPHIS ECONOMIC BOOM – The Digital Delta Memphis' Core Industries of Logistics and Health Care are getting a boost from two Emerging Sectors: Automotive + EV Manufacturing are contributing over $10+ Billion in regional investment (Ford Motor, Daimler Paccar, Blue River Steel) Artificial Intelligence: xAI’s $12 Billion expansion into Memphis—backed by $20–$50 Billion in projected investment —places the city at the forefront of AI innovation. Just in May 2025, Google announced plans to expand its AI capabilities with a $10 Billion data center in West Memphis. Over 15,000+ new jobs have already been announced across the City's core and emerging industry sectors. Suppliers who follow suit as tech companies expand their AI systems are expected to bring thousands of additional tech jobs, accelerating economic growth and creating demand for housing and a spike in rents. In 2024, the Memphis MSA eclipsed $100 Billion for the first time in Gross Regional Product. Newly dubbed "The Digital Delta", Memphis is emerging as a strong market for multifamily investment.