For more information regarding the value of a property, please contact us for a free consultation.
97 Johnson Drive Cherokee, AL 35616
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $207,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Clifton
MLS Listing ID 21856614
Sold Date 01/07/25
HOA Y/N No
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Multi Family
Source Valley MLS
Property Description
Property is a stabilzed property with a room for value add. CAP rate is 7.21% and Pro forma CAP is 8.47%. NOI is $15,851 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
Location
State AL
County Colbert
Direction Turn Left On Johnson Both Properties Are Behing Each Other On The Loop.
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
New Construction Yes
Schools
Elementary Schools Cherokee Elementary School
Middle Schools Cherokee Middle School
High Schools Cherokee High School
Read Less
Copyright
Based on information from North Alabama MLS.