2977 5th Street SW

Investors & Landlords - Cash Flowing Opportunity. Currently generating $3,225 per month with qualified long-term tenants who have strong income and stable employment. The property was upgraded approximately one year ago. Unit A (Front Unit): * Rent: $1,850/month * Lease term under one year * Tenant has excellent income, strong rental history, and earns over 3x the rent * Tenant previously occupied the rear unit and transferred to the larger front unit in December 2025 Unit B (Rear Unit): * Rent: $1,375/month total * Tenant pays $687.50 bi-monthly * Excellent prior rental history * Tenant earns approximately 2.5x the rent All tenants have been fully vetted and screened, with verified income and solid rental history. Value-Add Opportunity Seller proposed converting the basement into a 5-bedroom rooming house, producing approximately $2,500 per month($500 per room). * Total projected gross monthly income after conversion: $5,725 * Seller has proposed drawings/layout for the basement rooming house * Seller's contractor provided an estimated bid of $20,000 for basic mid-grade rental renovations * Proposed layout includes one mini kitchen and two bathrooms