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97 JOHNSON DR CHEROKEE, AL 35616
- Vacant Land / Resale (MLS)
Property Details for 97 JOHNSON DR, CHEROKEE, AL 35616
Features
- Price/sqft: $58
- Lot Size: 0.61 acres
- Total Units: 5
- Heating: Central Furnace
Facts
- Year Built: 01/01/2000
- Property ID: 892258661
- MLS Number: 21856614
- Parcel Number: 05-07-35-4-001-034.000
- Property Type: Vacant Land
- County: Colbert
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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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Property Brokerage:
Engel & Volkers Shoals
215 N. Court Sreet
Florence
AL
35630
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.