Neal H Culpepper

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

This property is THE one for many. With the main house, multiple structures, a Double wide in great condition, multiple stables, This property has the privacy that most dream of! 76 arces of flat timber land? Got it. Cross fence for cattle? Got it. Need a creek to water live stock? Got it. 20 minutes from the quad citites, you will have the country living with NO traffic to create unwanted noise, beautiful lush green with hills all around. Perfect for a mini farm and to be self-sustaining with gardens, chickens, cattle, and horses. Get off the grid now with this one of a kind property, and enjoy hunting on your 76 arces with watering holes to attract game!

Neal H Culpepper

About Neal H Culpepper

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Recent property sales & transaction history

2 properties

Cherokee

Family Home

$400,000 to $800,000

4,200 ft² to 5,200 ft²

Properties for sale by listing agent Neal H Culpepper

$220,000

$970,000

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Neal H Culpepper

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