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 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
Sold for $207,000
$207,000
97 Johnson Dr, Cherokee, AL 35616
--beds
--baths
3,734sqft
Multi Family
Built in ----
-- sqft lot
$182,800 Zestimate®
$55/sqft
$946 Estimated rent
Home value
$182,800
$135,000 - $236,000
$946/mo
Zestimate® history
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$1,243/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
James Martinez,
Engel & Volkers Shoals
Source: ValleyMLS,MLS#: 21856614
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 3,734
- Total interior livable area: 3,734 sqft
Property
Parking
- Total spaces: 10
- Parking features: Private
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.61 Acres
Details
- Parcel number: 0507360002041000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Not Available
Community & neighborhood
Location
- Region: Cherokee
- Subdivision: Clifton
Price history
| Date | Event | Price |
|---|---|---|
| 1/7/2025 | Sold | $207,000-5.9%$55/sqft |
Source:  ValleyMLS #21856614 Report a problem | ||
| 12/3/2024 | Pending sale | $220,000$59/sqft |
Source: Strategic MLS Alliance #515630 Report a problem | ||
| 8/1/2024 | Listed for sale | $220,000$59/sqft |
Source: ValleyMLS #21856614 Report a problem | ||
| 7/26/2024 | Pending sale | $220,000$59/sqft |
Source: Strategic MLS Alliance #515630 Report a problem | ||
| 6/14/2024 | Listed for sale | $220,000$59/sqft |
Source: ValleyMLS #21856614 Report a problem | ||
| 4/26/2024 | Contingent | $220,000$59/sqft |
Source: ValleyMLS #21856614 Report a problem | ||
| 4/26/2024 | Pending sale | $220,000$59/sqft |
Source: Strategic MLS Alliance #515630 Report a problem | ||
| 3/28/2024 | Listed for sale | $220,000+417.6%$59/sqft |
Source: ValleyMLS #21856614 Report a problem | ||
| 5/26/2017 | Sold | $42,500$11/sqft |
Source: Strategic MLS Alliance #163815 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $851 +4.6% | $114,400 +5% |
| 2024 | $813 +4.9% | $109,000 +5.3% |
| 2023 | $775 +8.7% | $103,540 +446.7% |
| 2022 | $713 +8.8% | $18,940 +9.5% |
| 2021 | $656 +9.2% | $17,300 +10.1% |
| 2020 | $600 | $15,720 |
| 2018 | $600 | $15,720 +11.2% |
| 2017 | $600 +10.4% | $14,140 +0.3% |
| 2016 | $544 | $14,100 |
| 2013 | $544 | -- |
| 2002 | -- | $5,500 |
Find assessor info on the county website
Neighborhood: 35616
Nearby schools
GreatSchools rating
- 8/10Cherokee Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 5/10Cherokee High SchoolGrades: 7-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Cherokee Elementary School
- Middle: Cherokee Middle School
- High: Cherokee High School
Source: ValleyMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Alabama
- Colbert County
- Cherokee
- 35616
- 97 Johnson Dr
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