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97 Johnson Dr Cherokee, AL $ 220,000
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$ 220,000 Get more info
97 Johnson Dr
$ 220,000
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97 Johnson Dr

Cherokee, AL, 35616
$ 220,000
Baths0.0

Monthly Estimate*

$ 1,462

97 Johnson Dr, Cherokee, AL 35616 - Image 1
97 Johnson Dr, Cherokee, AL 35616 - Image 2
Studio

Multi-Family Home for sale in Cherokee, AL

for $220,000. This home was built in 2001 on a lot size of 0.61.

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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Multi-Family Pending

Price

$ 220,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,735

Style

Lot Size

0.61

Year Built

2001

Town/City

Cherokee

County/Region

Colbert

MLS | Web ID

515630
Features
General
Sewer Public Sewer
Year Built 2001
Property SubType Apartment Complex
County Colbert
Net Operating Income 13191.0
Property Type Multi-Family
HOA / Comm Assn N
Subdivision Name Clifton Johnson
Garage Y/N N
Status Pending
Directions turn right on Johnson dr(its a loop) and both properties are behind each other and connect into one property.
High School Cherokee
City Cherokee
NumberOfUnitsTotal 5
Waterfront Y/N N
Carport Y/N N
Street Name Johnson Dr
Elementary School Cherokee
Tax Annual Amount 1735.2
Middle/Junior High School Cherokee
Standard Status Pending
Cap Rate 6.0
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Interior
Total Stories 1
Basement (Y/N) N
Fireplace Y/N N
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Exterior
Number of Buildings 2
Lot Dimensions multiple properties
Lot Size Acres 0.61
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* Excluded Features
List By
Engel & Volkers Lauderdale

Broker

james.martinez@evrealestate.com

Email

Affordability Calculator

$1,607
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,462
Monthly Property Taxes
$145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1224490 Elementary School
1224426 Middle School
Cherokee High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/28/2024$220,000 Listed Price

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97 Johnson Dr, Cherokee, AL, 35616 is a Multi-Family Home for sale at $220,000 with a lot size of 0.61. 97 Johnson Dr is a studio with 0.0 baths and was built in 2001. The property's zip code is 35616 which is in Cherokee, AL

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