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    309 Colony Dr Enterprise, AL 36330

    For Sale
    $170,000

    Triplex - Enterprise, AL

    Type:Triplex
    Property size:
    2,736 SF
    Days on Market:
    52
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 309 Colony Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    16051520000020017
    Parking features
    None
    Appliances
    Range, Refrigerator
    Size
    2,736 SF

    Building Details

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

    Sweet Home Real Estate (334) 803-0033

    Listing agent Sheri Thomson (334) 803-0033

    Listing date Oct 23, 2025

    MLS# 196194 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, AL Triplex Investment

    This multi-unit investment opportunity features a triplex located in Enterprise, AL. The property consists of three 2-bedroom, 1-bathroom units. Each unit includes an outside utility closet with washer and dryer hookups. The property is tenant-occupied with long-term tenants and a wait list. All units are under 1-year leases with rents ranging from $525 to $575. A property manager is in place. The property size is 2736 square feet and the lot size is 0 acres. Home warranty is provided for each unit. This property is suitable as a residential income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -85.8407385
    Latitude
    31.3240581

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    FAQs

    What type of property is this?
    Triplex - Multi-unit investment opportunity with long-term tenants and property manager.
    Where is this triplex located?
    The property is located at 309 Colony Dr Enterprise, AL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - Long-term tenants with a waitlist, indicating high demand.; - Property manager in place, offering hands-off investment potential.; - Home warranty for each unit, reducing potential maintenance costs.
    (334) 803-0033
    Request Owner's contact information
    309 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
    309 Colony Dr Enterprise, AL 36330
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