97 Johnson Drive
Cherokee, AL 35616

  • – beds
  • – baths
  • – sqft
  • ~1/2 acre lot
  • on site

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

Valley MLS logo Listing courtesy of VMLS / Engel & Volkers Lauderdale

Last checked: Checking… • Last updated Apr 26, 2024 •

MLS# 21856614 —

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Sale history

Date Event Source Price % Change
4/26/24
Sold Subject To Contingencies VMLS $220,000
3/28/24
Listed / Active VMLS $220,000

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Multifamily

$220,000

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Listing provided by broker:

James Martinez

Engel & Volkers Lauderdale

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97 Johnson Drive

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This multifamily located in Cherokee, AL 35616 is currently for sale for $220,000. 97 Johnson Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 30 days. This multifamily is in the attendance area of Cherokee High School and Cherokee Elementary School.

Valley MLS logo Listing Courtesy of: VMLS and Engel & Volkers Lauderdale.

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