Active

307 Colony Dr

Enterprise, AL 36330

$190,000 $801/Mo

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Overview

Bed

Bath

3,678

Sqft

13,590

Sqft(Lot)

Description

Looking for a multi unit investment? This is the property for you. Long term tenants with a wait list. Current rent is $525-$575 with an increase when lease expires. All 1 year leases. Property Manager in place at 10% of rent. Home Warranty for each unit. (4) - 2BR/1BA with an outside covered patio and utility room with W/D hookups. The property at 309 Colony Dr (triplex) is also for sale. See separate listing. Showings are limited due to tenant occupied and Property Manager schedule. Call Sheri to set up. Owner prefers CASH sale only.

Property Details

Property Type : Residential Income

Price : $190,000

AD Id : 74919062

MLS Id : 196192

Beds : 8

Lot Size : 13,590 Sqft

Living Area Size : 3,678

Year Built : 1981

County : Coffee

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4 Full Baths: 4
Flooring Information

Carpet, Laminate
Interior Features

Appliances: Range, Refrigerator Window Features: Aluminum Frames
Heating & Cooling

Water front: 1

Building Information

Year Built: 1981 Building Area Total: 3678 Construction Materials: Brick Stories: 2 Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 90 x 151 x 90 x 151 Main Square Feet: 13590 Square Feet Lot Size Acres: 0.312 Lot Size Square Feet: 13590

Listing Price Information

Listing Price: $190000

Tax Information

Parcel Number: 16051520000020027 Tax Year: 2022

Parking Information

No Garage

School Information

Elementary School: Hillcrest Elementary School

Junior High School: Dauphin Jr. High School

Senior High School: Enterprise
Location Information

Direction: 84 W to Boll Weevil Cr, turn right to Ed Sherling Rd, turn left; Go approx 1 1/2 miles and turn right on Colony Dr. Buildings are on the left towards the back of the area. WaterSource: Public

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At $51.66 per sq.ft.,this listing is priced below average compared to other multifamily from Enterprise.

The average multifamily price in Enterprise is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Coffee County is $540257.14 with avg. price / sq.ft of $3659.00.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
309 Colony Dr, Enterprise, AL, 36330	$170,000	6	3	2,736	2,736 SqFt

Similar Multifamily To 307 Colony Dr

Nearby For Sale

Active

$170,000

Multifamily For Sale

309 Colony Dr,
Enterprise, AL, 36330

Bed

Bath

Sqft

307 Colony Dr,
Enterprise, AL, 36330

Bed

Bath

3,678

Sqft

13,590

Sqft(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southeast Alabama Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Southeast Alabama Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 04/06/2026 @ 22:06

MLS: 196192 LISTED BY: Sheri Thomson, Sweet Home Real Estate 334-803-0033 SOURCE: Dothan Multiple Listing Service (Southeast Alabama Association of REALTORS)