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    Multi-Family Investment Opportunity Title is generated by Realmo AI

    309 Colony Dr, Enterprise, AL 36330

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    Claim this Listing
    Pending
    $170,000

    MULTI_FAMILY - Enterprise, AL

    Property size:
    2,736 SF
    Added:
    Feb 8, 2024
    Days on Market:
    870
    Last Refresh:
    Jun 27 at 4:06 pm

    Property Features for 309 Colony Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 5
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    16051520000020017
    Size
    2,736 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Carpet, Laminate

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    Sheri Thomson
    Sheri Thomson

    Listing agent Sheri Thomson License #136101

    Listing office Sweet Home Real Estate 1816 W Main St, Dothan, AL

    Listing date Feb 8, 2024

    MLS# 196194 Listing URL

    Copyright © 2026 Southeast Alabama 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.

    HighLights

    • Multi‑unit investment: 3 units listed as 2BR/1BA (two separate properties available: 307 and 309 Colony Dr—see separate listings)
    • Leasing in place with all 1‑year leases at $525–$575 rent; long‑term tenants reported with a wait list
    • Property manager in place and home warranty provided for each unit
    • Outside utility closest with washer/dryer hookups for the units
    • Public water and public sewer
    • Built in 1981; appliances include range and refrigerator; flooring includes carpet and laminate

    Overview

    This multi-unit property presents a rare investment opportunity. It features three 2-bedroom, 1-bathroom units. Each unit includes an outside utility closet equipped with washer and dryer hookups. The property is tenant-occupied with long-term tenants and a waiting list. All leases are for one year, with rents ranging from $525 to $575. A property manager is currently in place. The property size is 2736 square feet and is located in Enterprise, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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

    FAQs

    What type of property is this?
    Multifamily property - Multi-unit property with long-term tenants and property manager in place.
    Where is this multifamily property 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: Multi‑unit investment: 3 units listed as 2BR/1BA (two separate properties available: 307 and 309 Colony Dr—see separate listings); Leasing in place with all 1‑year leases at $525–$575 rent; long‑term tenants reported with a wait list; Property manager in place and home warranty provided for each unit
    More about this property
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