2401 South Johnson Street

New Orleans, LA 70125

$450,000
Price
11
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Jon Fisher • MR. LANDMAN

Property Details for 2401 South Johnson Street

Area
Out of Area South
Zoning
MULTI
LISTING UPDATED: 11/27/2024 07:05 AM

Property Details for 2401 South Johnson Street

StatusNew
MLS #12217797
Days on Market1
Taxes$3,350 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1900
Lot Size0.12 AC / 5,133 SF
CountyOrleans 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

General Information
Location and General Information
  • Information: No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Separate Per Unit
  • Num of Baths: 5.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 51 X 100
  • Lot Size Square Feet: 5133.0
  • Stories: 1
  • Building Area Total: 3636
  • Lot Size Source: County Records
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $5,245.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $11,900.00
  • Maintenance Expense: $2,500.00
  • Total Annual Expense Source: Actual
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $36,550.00
  • Operating Expense: $26,390.00
  • Other Expense: $1,440.00
  • Trash Expense: $.00
  • Water Sewer Expense: $7,200.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2401 South Johnson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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2401 South Johnson Street is a multi-family home for sale in New Orleans, LA 70125. This property was listed for sale on November 27, 2024 by MR. LANDMAN, it's currently listed at $450,000. It has been on the market for a total of 1 days and was last sold on August 8, 2018. Nearby schools include Mahalia Jackson Elementary School, Eleanor Mcmain Secondary School and Warren Easton Senior High School. 2401 South Johnson Street is a 11-bed, 5-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MR. LANDMAN

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/27/2024 07:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.