Contingent
$220,000

97 Johnson Drive
Cherokee, AL 35616

Multi-Family
Residence
0.61
Acre Lot
Courtesy: Engel & Volkers Lauderdale
Greater Alabama MLS> Alabama> Cherokee> 35616
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
21856614
Residential - Multi-Family, 1 Story
COLBERT
0.61 Acres
Public
1
Public Sewer
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Courtesy: Engel & Volkers Lauderdale
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