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    Enterprise Multi-Unit Investment Opportunity

    307 Colony Dr Enterprise, AL 36330

    Claim this Listing
    Pending
    $190,000

    MULTI_FAMILY - Enterprise, AL

    Property size:
    3,678 SF
    Added:
    Feb 8, 2024
    Days on Market:
    887
    Last Refresh:
    Jul 14 at 10:06 am

    Property Features for 307 Colony Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    16051520000020027
    Size
    3,678 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront

    Building Details

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

    Listing agent Sheri Thomson License #136101

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

    Listing date Feb 8, 2024

    MLS# 196192 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.

    Investment Insights

    Based on property information with market context.

    This multi-family property presents an investment opportunity with long-term tenants and a waiting list. The property consists of four units, each featuring two bedrooms and one bathroom. Each unit also includes an outside covered patio and a utility room equipped with washer and dryer hookups. Current rents range from $525 to $575, with potential increases upon lease expiration. All leases are for one year. A property manager is in place, managing the property for 10% of the rent. Each unit is covered by a home warranty. The property at 309 Colony Dr, a triplex, is also for sale under a separate listing. The property is located in Enterprise, Alabama. The property size is 3,678 square feet. Showings are limited due to tenant occupancy and the property manager's schedule.

    Key Highlights

    • Multi‑unit rental with long‑term tenants and a wait list; property manager in place at 10% of rent
    • Rental income noted as $525–$575 current rent, with an increase when a lease expires; 1‑year leases
    • 1‑year lease structure; showings are limited due to tenant occupancy and property manager schedule

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Parking Lot & Garage Building Supply HVAC Service Garden Center Kitchen & Bath Showroom Carpet & Flooring Store Storage Facility (Bike/Boat/Book/etc) Store Plumbing Service

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

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    FAQs

    What type of property is this?
    Quadplex - Multi-family 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 rental with long‑term tenants and a wait list; property manager in place at 10% of rent; Rental income noted as $525–$575 current rent, with an increase when a lease expires; 1‑year leases; 1‑year lease structure; showings are limited due to tenant occupancy and property manager schedule
    Contact an agent
    (334) 701-0791
    We can help!
    Contact an agent
    Sheri Thomson
    Sheri Thomson
    Real Estate License ID: 136101
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