2401 South Johnson Street
$450,000
11
5
—
—
—
New
Description
This 5-unit Class C property offers a solid investment in a stable rental market with high tenant retention. Situated on a 0.11-acre lot, the building spans 3,636 square feet and is zoned HU-RD2 (Historic Urban Two-Family Residential District). The units are all fully occupied, including one Section 8 tenant, with four of five tenants in residence for over three years-a testament to tenant stability. Property Highlights: Unit Breakdown: 1 studio, 2 two-bed/one-bath units, 2 threebed/ one-bath units...This 5-unit Class C property offers a solid investment in a stable rental market with high tenant retention. Situated on a 0.11-acre lot, the building spans 3,636 square feet and is zoned HU-RD2 (Historic Urban Two-Family Residential District). The units are all fully occupied, including one Section 8 tenant, with four of five tenants in residence for over three years-a testament to tenant stability. Property Highlights: Unit Breakdown: 1 studio, 2 two-bed/one-bath units, 2 threebed/ one-bath units Combination of both Off-Street and Street Parking: Convenient for tenants Amenities: Washer/dryer in each unit, HVAC with window units Utilities: Public water and trash paid by owner, public gas & electric paid by tenants Upcoming Rent Potential: Four of the five units will be eligible for a rent increase in April 2025 This property sits in Ward 2, offering access to a residential base of 375,000 within a five-mile radius. An ideal option for investors seeking steady income with room for potential rent growth.
- Listed by Jon Fisher • MR. LANDMAN
Property Details for 2401 South Johnson Street
Area
Out of Area South
ZoningMULTI
LISTING UPDATED: 11/27/2024 07:05 AM
Property Details for 2401 South Johnson Street
Status | New |
---|---|
MLS # | 12217797 |
Days on Market | 1 |
Taxes | $3,350 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1900 |
Lot Size | 0.12 AC / 5,133 SF |
County | Orleans Parish |
Building Information for 2401 South Johnson Street
Stories1Residences5Year Built1900Building Size-Lot Size0.12 AC / 5,133 SF
Property Information for 2401 South Johnson Street
Property History for 2401 South Johnson Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2401 South Johnson Street
Taxable ValueLand$2,550Additions$7,830Total$10,380
Home Facts
Baths2Total Finished SqFt2,465 SqFtAbove Grade Finished SqFt2,465 SqFtStories1Lot Size5,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyORLEANSAPN4-12-4-034-10
Schools near 2401 South Johnson Street
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | PK to 5 | |||
Public - | 7 to 12 | |||
Charter - | 9 to 12 | |||
Charter - | PK to 3 |
Rating | School | Distance |
---|---|---|
Mahalia Jackson Elementary School CharterPK to 5 | ||
Eleanor Mcmain Secondary School Public7 to 12 | ||
Warren Easton Senior High School Charter9 to 12 | ||
Bricolage Academy CharterPK to 3 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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