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97 Johnson Dr

Cherokee, AL 35616
  • $220,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 515630
$220,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2001
County:

School Information

Elementary School:
Middle School:
High School:

Description

Property is a stabilzed property with a room for value add. CAP rate is 6% and Pro forma CAP is 8.47%. NOI is $13,191 Currently at 100% occupancy. Pro-forma is $18,633. Either a good add on to you're current portfolio or a great break in property for the rookie investor. the other address for sale with this is 361 Johnson Dr Cherokee, AL 35616

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© 2024 Shoals Area Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or MarMac Real Estate. Data last updated: 2024-04-03T23:32:57.217.
www.marmac.us/homes/148970641
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97 Johnson Dr Cherokee, AL 35616

  • Price: $220,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 515630
0
Beds
0
Baths
0
½ Baths
0.61
Acres
2001
Built
Neighborhood:
Clifton Johnson
County:
Colbert
Area:
Colbert County
Elementary School:
Cherokee
Middle School:
Cherokee
High School:
Cherokee
Property Description
Property is a stabilzed property with a room for value add. CAP rate is 6% and Pro forma CAP is 8.47%. NOI is $13,191 Currently at 100% occupancy. Pro-forma is $18,633. Either a good add on to you're current portfolio or a great break in property for the rookie investor. the other address for sale with this is 361 Johnson Dr Cherokee, AL 35616
Exterior Features

Lot Size Dimensions multiple properties Multiple Levels YN No Waterfront YN No

Interior Features

Basement YN No Units Unfurnished 5

Property Features

Association YN No Built Before1978 No Buyer Check WOr Bd Of Edu 1 City Limits YN Yes Community Name Cherokee Net Operating Income 13191 Number Of Units Vacant 0 Property Sub Type Apartment Complex Sale Or Rent S Sewer Public Sewer Tax Annual Amount 1735.2

Listing information © 2024 Shoals Area Association of Realtors MLS.
Listing provided by James Martinez of Engel & Volkers Lauderdale: .


© 2024 Shoals Area Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or MarMac Real Estate. Data last updated: 2024-04-03T23:32:57.217.
 
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