Courtesy: Engel & Volkers Shoals
833-588-2737
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
Cherokee is located in Alabama. Cherokee, Alabama has a population of 911. Cherokee is more family-centric than the surrounding county with 28.02% of the households containing married families with children. The county average for households married with children is 24.31%.
The median household income in Cherokee, Alabama is $36,406. The median household income for the surrounding county is $52,017 compared to the national median of $69,021. The median age of people living in Cherokee is 45.9 years.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.1 degrees. The average rainfall is approximately 57.1 inches per year, with 1.9 inches of snow per year.
