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2401 S Johnson Street
New Orleans LA 70125 US

$450,000

Active Listing ID 12217797
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Lot: 0.11 Acres
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Other

$450,000

Active Listing ID 12217797
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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.

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Property Features

  • Facts
  • Lot Size: 0.11 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 450000
  • unparsedaddress: 2401 S Johnson Street
  • postalcity: New Orleans
  • stateorprovince: LA
  • country: US
  • postalcode: 70125
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.11
  • lotsizeunits: Acres
  • lotsizearea: 0.11
  • livingarea: 3636
  • livingareaunits: Square Feet
  • latitude: 29.947662
  • longitude: -90.093935
  • listagentfullname: Jon Fisher
  • listagentemail: jonfisher1991@gmail.com
  • listagentkey: 3yd-MREDIL-950169
  • listagentmlsid: 950169
  • listagentpreferredphone: 2172020924
  • listagentofficephone: 2172020924
  • listofficekey: 3yd-MREDIL-95406
  • listagentstatelicense: 471020503
  • listofficemlsid: 95406
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1900
  • listingcontractdate: 2024-11-27
  • listagenturl: http://www.illinoisfarmground.com
  • parcelnumber: 4-12-4-034-10
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -90.09393, 29.947662
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"MR LANDMAN LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jonfisher1991@gmail.com", "ListBrokerageCity":"Champaign", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jonfisher1991@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"MR LANDMAN LLC", "ListBrokeragePhone":"(217) 202-0924", "ListBrokeragePostalCode":"61822", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"968 County Road 1000 N.", "ListBrokerageWebsiteUrl":"http://www.illinoisfarmground.com", "ListOfficeAddress1":"968 County Road 1000 N", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Champaign", "ListOfficeCountry":"US", "ListOfficeEmail":"jonfisher1991@gmail.com", "ListOfficePostalCode":"61821", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - New Orleans, LA", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12217797/?channel=rexren", "MLSModificationTimestamp":"2024-11-27T08:05:01Z", "Neighborhoods":[{"Description":null, "Name":"Out of Area South"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3350, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/27/2024 9:33:46 PM GMT
Source Updated Date: 12/4/2024 6:52:30 AM GMT

Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.