2401 S Johnson Street, New Orleans, LA 70125

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.