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    307 Colony Dr Enterprise, AL 36330

    For Sale
    $190,000

    Quadraplex - Enterprise, AL

    Property size:
    3,678 SF
    Days on Market:
    52
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 307 Colony Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    APN
    16051520000020027
    Parking features
    None
    Appliances
    Range, Refrigerator
    Size
    3,678 SF

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Brick
    Architectural style
    Other

    Sweet Home Real Estate (334) 803-0033

    Listing agent Sheri Thomson (334) 803-0033

    Listing date Oct 23, 2025

    MLS# 196192 Listing URL

    Copyright © 2025 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Enterprise Quadplex Investment Opportunity

    This multi-unit investment property features long-term tenants and a waiting list. Current rents range from $525 to $575, with potential increases upon lease expiration. All units are under 1-year leases. A property manager is in place, overseeing operations at 10% of the rent. Each unit is covered by a home warranty. The property consists of four 2-bedroom, 1-bathroom units, each with an outside covered patio and a utility room equipped with washer and dryer hookups. The property at 309 Colony Dr, a triplex, is also for sale under a separate listing. Showings are limited due to tenant occupancy and the property manager's schedule.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.8410967
    Latitude
    31.3239302

    Nearby Similar for Sale

    • $170,000
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      Enterprise, AL Triplex Investment

      Multi-unit investment opportunity with long-term tenants and property manager.
      309 Colony Dr, Enterprise, AL 36330
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    • $795,000
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      Enterprise Showroom and Warehouse

      Showroom and warehouse space available for sale in Enterprise, Alabama.
      1106 Rucker Blvd, Enterprise, AL 36330
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    • $640,000
      2.10 Acres

      Enterprise Commercial Property on 2.1 Acres

      2.1 acres with redevelopment potential in Enterprise, Alabama.
      304 Boll Weevil Cir, Enterprise, AL 36330
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    • $640,000
      7,890 SF

      Enterprise Industrial Building For Sale

      Industrial building with high visibility and easy access.
      304 Boll Weevil Cir, Enterprise, AL 36330
      View Details
    • Contact for pricing
      10,000 SF

      Downtown Enterprise Retail/Office Space

      Retail or office space with build-to-suit options in Enterprise.
      201 S Main St, Enterprise, AL 36330
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    • Contact for pricing

      New Construction McDonald’s For Sale

      New construction McDonald’s on main retail corridor near Fort Rucker.
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    FAQs

    What type of property is this?
    Quadplex - Multi-unit investment property with long-term tenants and potential rent increases.
    Where is this quadplex located?
    The property is located at 307 Colony Dr Enterprise, AL.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Multi-unit investment property with long-term tenants and a wait list.; - All units are 2BR/1BA with outside covered patio and W/D hookups.; - Current rent is $525-$575 with potential for increase upon lease expiration.
    (334) 803-0033
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    307 Colony Dr Enterprise, AL 36330
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    Enterprise, AL 36330
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 Colony Dr Enterprise, AL 36330
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