3 months on rocket

97 Johnson Dr, Cherokee, AL, 35616

$220,000

Home List Price

$2,613*

Closing Credit

0 Baths
Multi

Location

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97 Johnson Dr, Cherokee$220,000

Buyer Closing Credits

$2,613*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPrivate
MLS #21856614
Lot Size0.61 Acres
StatusActive

About 97 Johnson Dr

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 youre 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

Property Details

Property Features

Property Information:

  • Stories: 1

Listing Office:

  • Office Name: Engel & Volkers Shoals
  • Office Phone: (833) 588-2737

Exterior Features

Parking Information:

  • Parking: Private

Lot Features

Lot Information:

  • Lot Size: 0.61 Acres

Other

Directions Information:

  • Directions: Turn Left On Johnson Both Properties Are Behing Each Other On The Loop.

Price Information

Listing Price Info

Price Summary:

  • List Price: $220,000

Tax Information:

  • Annual Amount: $600
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Number: #21856614

Listing Office:

  • Office Name: Engel & Volkers Shoals
  • Office Phone: (833) 588-2737

The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2024 Valley MLS, Inc.

All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$600$15,720
2019$600$15,720
2018$600$15,720
2017$600$14,140

History based on county public records data.

Payment Calculator

$1,166

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1107727
6
/10

  • Cherokee Elementary School

  • 1305 North Pike

  • 0.47 miles

  • Public District Grades PK-6

school-card-donut-1107728
10
/10

  • New Bethel Elementary School

  • 900 New Bethel Rd

  • 13.20 miles

  • Public District Grades PK-6

school-card-donut-1107729
7
/10

  • R E Thompson Intermediate School

  • 829 Frankfort Rd

  • 14.27 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,114. Residents of Colbert County, AL typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Alabama›Colbert County›Cherokee›35616›97 Johnson Dr

This home is located at 97 Johnson Dr in Cherokee, AL and zip code 35616. This home sits on a 0.61 acre lot. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $220,000.

The inventory of homes for sale in Colbert County, AL between September 2024 and October 2024 increased by 20%. The median list price of listings available in October 2024 was $251,000, while the average time on the real estate market was 140 days.

From Rocket Homes Real Estate and based on county public records data.

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