$220,000 Price Analysis    ♡   Cherokee, AL 35616 Unknown bed None bath unknown SqFt ($0/SqFt) 0.61 acre lot. Built 2001 Listed 2024-03-28, Taxes $712 | ✓ USDA Eligible near Cherokee, AL |
Property is a stabilzed property wi th a room for value add.
* Sale Pending *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 tremendous break in property for the rookie investor.
the other addrss for sale with this is 361 Johnson Dr Cherokee, AL 35616
Presented by James Martinez at
ENGEL & VOLKERS LAUDERDALE.
Property MLS #515630 from StrategicMLSAlliance
Lot Size Acres: 0.61
Lot Size Dimensions: multiple properties
Lot Size Square Feet: 26572
Lot Size Dimensions: multiple properties
Lot Size Square Feet: 26572
Number of Buildings: 2
Number of Units: 5
Number of Units: 5
Elementary School: Cherokee
High School: Cherokee
Middle School: Cherokee
High School: Cherokee
Middle School: Cherokee
Cherokee High School is a public middle and high school located approximately 0.2 miles away.
Map directions
Map directionsCherokee Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions
Map directionsCalculated Total Monthly Association Fees: 0
Annual Tax Amount: 1735.2
Source Listing Status: Pending
County: Colbert
Directions: turn right on Johnson dr(its a loop) and both properties are behind each other, and connect into one property.
Source Property Type: MultiFamily
Source Neighborhood: Clifton Johnson
Subdivision: Clifton Johnson
Zoning: 00 Residential
Property Subtype: Apartment Complex
Source System Name: C2C
Source Listing Status: Pending
County: Colbert
Directions: turn right on Johnson dr(its a loop) and both properties are behind each other, and connect into one property.
Source Property Type: MultiFamily
Source Neighborhood: Clifton Johnson
Subdivision: Clifton Johnson
Zoning: 00 Residential
Property Subtype: Apartment Complex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $18,940 | $712 |
| 2021 | $unknown + $unknown $17,300 | $655 |
| 2020 | $unknown + $unknown $15,720 | $600 |
| 2019 | $unknown + $unknown $15,720 | $600 |
| 2018 | $unknown + $unknown $15,720 | $600 |
| 2017 | $unknown + $unknown $14,140 | $544 |
| 2014 | $unknown + $unknown $14,100 | $543 |
| 2014 | $unknown + $unknown $14,100 | $543 |
| 2014 | $unknown + $unknown $14,100 | $543 |
| 2013 | $unknown + $unknown $13,180 | $471 |
| 2010 | $unknown + $unknown $13,180 | $451 |
| 2009 | $unknown + $unknown $12,020 | $414 |
| 2008 | $unknown + $unknown $12,020 | $414 |
Listing removed 2024-04-27
$0
ValleyMLS
Listed 2024-03-28
$220,000
StrategicMLSAlliance
Listed 2024-03-28
$220,000
ValleyMLS
Sold 2019-05-13
$56,525
Public Record
Listing removed 2017-04-26
$71,000
StrategicMLSAlliance
Listed 2017-01-04
$71,000
StrategicMLSAlliance
Listing removed 2017-01-01
$71,000
StrategicMLSAlliance
Listed 2016-03-28
$71,000
StrategicMLSAlliance
Listing removed 2010-09-17
$120,000
StrategicMLSAlliance
Listed 2010-09-12
$120,000
StrategicMLSAlliance
$0
ValleyMLS
Listed 2024-03-28
$220,000
StrategicMLSAlliance
Listed 2024-03-28
$220,000
ValleyMLS
Sold 2019-05-13
$56,525
Public Record
Listing removed 2017-04-26
$71,000
StrategicMLSAlliance
Listed 2017-01-04
$71,000
StrategicMLSAlliance
Listing removed 2017-01-01
$71,000
StrategicMLSAlliance
Listed 2016-03-28
$71,000
StrategicMLSAlliance
Listing removed 2010-09-17
$120,000
StrategicMLSAlliance
Listed 2010-09-12
$120,000
StrategicMLSAlliance
Net Operating Income: 13191
Year Built: 2001
Property Age: 23
Property Age: 23
Sewer: Public Sewer
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.