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.
MR. LANDMAN, LLC is a licensed real estate brokerage firm in the State of Louisiana under LIC#995709872. Jonathan Fisher is a licensed broker in the State of Louisiana under LIC#995709646.