201 Colony DrEnterprise, AL 36330

Property Details for 201 Colony Dr

Year built

1980

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a four-unit apartment building situated at 201 Colony Dr, Enterprise, AL 36330. Built in 1980, this two-story Class D multifamily property sits on a 1,746 square foot lot. The asking price is $150,000, representing a price per unit of $37,500. Each of the four units features central heating and air conditioning, and the property benefits from city water and sewer services. Individual unit metering is in place. Currently, the units are rented below market value, presenting a significant opportunity to increase cash flow. The property's location in Enterprise, Alabama offers convenient access to Fort Rucker, the Gulf of Mexico, and Fort Novosel (home of Army Aviation). Enterprise also boasts a variety of local attractions, including restaurants, museums, art centers, and recreational facilities. This property is minutes from an Opportunity Zone, suggesting potential for future tax advantages. This is a prime investment opportunity in a growing area with strong potential for appreciation and rental income. The property is ready for an investor looking to capitalize on its current below-market rents and strategic location.

Location Insight

City

Enterprise

County

Coffee

State

Alabama

Latitude

31.3231

Longitude

-85.8431

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