SHADY OAKS APARTMENTS 520 Sharon Drive | East Memphis, TN 38122 Built: 1972 Occupancy: 96% Asking Price: $1,430,000 ($55,000/Unit) Proforma Cap Rate: 7.25% Proforma Cash-on-Cash Return: 7.50% INVESTMENT HIGHLIGHTS Exceptionally well-located with Value-Add Potential Held long-term with minimal rent escalation—presenting a compelling opportunity for value enhancement and income growth via gradual mark-to-market approach or strategic interior upgrades Ideal for repositioning with low-entry pricing, and solid proforma returns Desirable East Memphis Location Located in the highly sought-after East Memphis submarket, tucked away in a quiet residential neighborhood offering a peaceful setting with strong tenant appeal Near the Summer Avenue corridor, a vibrant and rapidly growing commercial hub with notable influx of national retailers and local businesses, including major big-box retailers like Lowe's, Kroger, TJ Maxx, Ross, Big Lots, AutoZone, Public Storage, and a range of dining options like Papa John’s, Subway, and Baskin-Robbins. These established brands provide a solid foundation for continued economic vitality and foot traffic in the area. Prime access to East Memphis’ I-240/Poplar White-Collar employment hub, home to 110,000+ jobs Just 5 miles from Baptist Memorial Hospital campus, the flagship facility of a 21,000-employee regional health system, surrounded by dense medical facilities, clinics and medical offices infrastructure Powerful Regional Growth Drivers xAI’s expansion into Memphis—backed by $20–$50 billion in projected investment—places the city at the forefront of AI innovation Local economic growth is expected to accelerate significantly through tech and infrastructure development