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

Cherokee, AL, 35616
$ 220,000
Bedrooms5 Baths5.0 Sq 3,734

Monthly Estimate*

$ 1,537

97 Johnson Drive, Cherokee, AL 35616 - Image 1
97 Johnson Drive, Cherokee, AL 35616 - Image 2

Multi-Family Home for sale in Cherokee, AL

for $220,000 with 5 bedrooms and 5 full baths. This 3,734 square foot home was built 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 Contingent

Price

$ 220,000

Bedrooms

5

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Multi Family

Lot Size

0.61

Town/City

Cherokee

County/Region

Colbert

MLS | Web ID

21856614
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Gas Y/N None
Levels One
Property SubType Multi Family
County COLBERT
New Construction No
Property Type Residential Income
Subdivision Name Clifton
Status Contingent
Directions Turn Left On Johnson Both Properties Are Behing Each Other On The Loop.
High School Cherokee High School
City Cherokee
Total Units 5
Lot Size Square Feet 26571.6
Street Name Johnson Drive
Elementary School Cherokee Elementary School
Listing Agent State License 116284
Middle/Junior High School Cherokee Middle School
Listing Agent Name James Martinez
Standard Status Active Under Contract
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Exterior
Parking Features Private
Water Source Public
Total Parking 10
Lot Size Area 0.61
Number of Buildings 2
Building Area Total 3734
Lot Size Acres 0.61
Lot Size Units Acres
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Interior
Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area Units Square Feet
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Internal Only
OriginalMLSID 21856614
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* Excluded Features
List By
Engel & Volkers Lauderdale

Broker

(256) 335-0611

Phone

Affordability Calculator

$1,537
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,537
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2111362 Elementary School
768885 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 Drive, Cherokee, AL, 35616 is a Multi-Family Home for sale at $220,000 with 3,734 sqft and a lot size of 0.61. 97 Johnson Drive has 5 bedrooms and 5.0 baths. The property's zip code is 35616 which is in Cherokee, AL

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