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
Sold
$207,000
97 Johnson Dr, Cherokee, AL 35616
--beds
--baths
3,734sqft
Multi Family
Built in ----
-- sqft lot
$210,300 Zestimate®
$55/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 02:28pm
Listed by:
James Martinez 256-335-0611,
Engel & Volkers Shoals
Source: ValleyMLS,MLS#: 21856614

Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 3,734
- Total interior livable area: 3,734 sqft
Property
Parking
- Total spaces: 10
- Parking features: Private
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.61 Acres
Details
- Parcel number: 0507360002041000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Not Available
Community & neighborhood
Location
- Region: Cherokee
- Subdivision: Clifton
Services availability

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