Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Enterprise Multifamily Investment Opportunity Title is generated by Realmo AI

    118 Weeks Drive, Enterprise, AL 36330

    View on Map
    Claim this Listing
    Pending
    $199,000

    MULTI_FAMILY - Enterprise, AL

    Property size:
    3,600 SF
    Lot size:
    0.42 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    88
    Last Refresh:
    May 26 at 2:06 pm

    Property Features for 118 Weeks Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 8, Bathroom 4
    Appliances
    Cook Top, Dishwasher, Oven, Refrigerator
    Standard status
    Pending
    APN
    1602093003009000
    Size
    3,600 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront

    Building Details

    Year built
    1979
    Floors in Building
    1
    Flooring type
    Laminate, Carpet, Vinyl

    We can help!

    Listing Contact
    David Cannon

    Listing agent David Cannon

    Listing office United Country Fulford Realty Dothan 3004 Hartford Hwy, Suite 2, Dothan, AL

    Listing date Feb 27, 2026

    MLS# 210043 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

    • Income‑producing four‑unit multifamily property.
    • Strong rental demand due to proximity to Fort Rucker (6.6 miles).
    • Each unit features a functional 2‑bedroom, 1‑bathroom layout with approximately 900 square feet.
    • Convenient access to shopping, dining, medical facilities, schools, and major traffic routes.
    • Multiple income streams offer potential for portfolio expansion and long‑term rental stability.
    • Includes essential appliances: Cook Top, Dishwasher, Oven, and Refrigerator.

    Overview

    This four-unit multifamily property is located in Enterprise, Alabama. Each of the four units features approximately 900 square feet of living space, configured as a 2-bedroom, 1-bathroom layout. The interiors include living areas, practical kitchen configurations, and appropriately sized bedrooms. The property is situated 6.6 miles from the Enterprise gate of Fort Rucker, supporting consistent rental demand. Residents have convenient access to shopping, dining, medical facilities, schools, and major traffic routes throughout Enterprise. The lot size is 0.42 acres. The property offers an opportunity for investors seeking to expand their portfolio or achieve long-term rental stability in the Wiregrass market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.8546868
    Latitude
    31.3286836

    Nearby Similar for Sale

    • $249,500
      2,548 SF

      Downtown Enterprise Freestanding Office Building

      Freestanding office building in the heart of downtown Enterprise.
      114 S Conner Street, Enterprise, AL 36330
      View Details
    • $380,000
      4,328 SF

      Downtown Enterprise Mixed-Use Opportunity

      Redevelopment or renovation opportunity in a thriving downtown location.
      218 S Main St, Enterprise, AL 36330
      View Details
    • $1,704,041
      6,747 SF

      Flowers Foods Net Leased Property

      Single tenant retail and distribution property with long-term lease.
      612 Glover Ave, Enterprise, AL
      View Details
    • $640,000
      7,890 SF

      Enterprise Industrial Building For Sale

      7,890 SF industrial building on 2.1 acres.
      304 Boll Weevil Cir, Enterprise, AL, Enterprise, AL 36330
      View Details
    • Contact for pricing
      5,240 SF

      Modern Medical Office Shell Space

      First-generation medical office space in a Class A building.
      102 Jackson St, Enterprise, AL 36330
      View Details
    • $7
      24,000 SF

      Upgraded Industrial Building on Corner Lot

      24,000 sq ft upgraded building with excellent access and visibility.
      1570 Parker Lane, Enterprise, AL 36330
      View Details
    • $1,741,000

      New Construction McDonald’s For Sale

      New construction McDonald’s on main retail corridor near Fort Rucker.
      6012 Boll Weevil Cir, Enterprise, AL 36330
      View Details
    • $1,746,929
      2,695 SF

      Retail

      707 Boll Weevil Cir, Enterprise, AL 36330
      View Details
    • $24
      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
      View Details
    • $999,000
      9,290 SF

      Medical Office Building For Sale

      Three-unit medical office building in a medical park setting.
      1275 James, Enterprise, AL 36330
      View Details
    • $190,000
      3,678 SF

      Enterprise Multi-Unit Investment Opportunity

      Multi-family property with long-term tenants and potential rent increases.
      307 Colony Dr, Enterprise, AL 36330
      View Details
    • $170,000
      2,736 SF

      Multi-Family Investment Opportunity

      Multi-unit property with long-term tenants and property manager in place.
      309 Colony Dr, Enterprise, AL 36330
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in Enterprise, Alabama, near Fort Rucker.
    Where is this quadplex located?
    The property is located at 118 Weeks Drive Enterprise, AL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Income‑producing four‑unit multifamily property.; Strong rental demand due to proximity to Fort Rucker (6.6 miles).; Each unit features a functional 2‑bedroom, 1‑bathroom layout with approximately 900 square feet.
    (850) 405-6787
    We can help!
    Listing Contact
    David Cannon
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    118 Weeks Drive, Enterprise, AL 36330
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!