Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com
Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com
$450,000
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Lot: 0.11 Acres
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Other
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$450,000
2401 S Johnson Street 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.
Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com
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