Cherokee AL Multi Family for Sale
$220,000
97 Johnson Drive Cherokee, AL 35616
- Type:
- Other
- Sq.Ft.:
- 3,734
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.61 Acres
- Baths:
- MLS#:
- 21856614
- Subdivision:
- Clifton
View additional info
Courtesy: Engel & Volkers Shoals
833-588-2737
ADDITIONAL INFORMATION
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
Cherokee Real Estate
The median home value in Cherokee, AL is $65,500. This is lower than the county median home value of $96,600. The national median home value is $219,700. The average price of homes sold in Cherokee, AL is $65,500. Approximately 51.93% of Cherokee homes are owned, compared to 20.49% rented, while 27.59% are vacant. Cherokee real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cherokee real estate agent to arrange a tour today!
Cherokee, Alabama 35616 has a population of 790. Cherokee 35616 is more family-centric than the surrounding county with 27.32% of the households containing married families with children. The county average for households married with children is 25.8%.
The median household income in Cherokee, Alabama 35616 is $25,703. The median household income for the surrounding county is $45,477 compared to the national median of $57,652. The median age of people living in Cherokee 35616 is 48.8 years.
Cherokee Weather
The average high temperature in July is 88.5 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 57.8 inches per year, with 2.3 inches of snow per year.