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Colony Square Apartments 201 Colony Dr

4 Unit Apartment Building $139,900 ($34,975/Unit) Enterprise, AL 36330

Apartment Buildings Alabama Enterprise 201 Colony Dr, Enterprise, AL 36330

Executive Summary

AMAZING INVESTMENT OPPORTUNITY!! Minutes away from Opportunity zone. This is a Distress Quadplex is located in
a growing area. Medium Rehab required. Currently rented below market value. Central heat & air. City water & sewer. Separately
metered. Enterprise is a gateway to Fort Rucker and the Gulf of Mexico, as well as the home of the only
monument in the world dedicated to an insect. Enterprise is right outside the U.S. Army's Fort Novosel, the
home of Army Aviation. This area is also filled with a broad array of different attractions, such as
restaurants, museums, art centers and miniature golf.

Attachments

201 Colony Drive, Enterprise, AL

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $36,000 $1.13
Other Income - -
Vacancy Loss - -
Effective Gross Income $36,000 $1.13
Net Operating Income - -

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $36,000
Annual Per SF $1.13
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $36,000
Annual Per SF $1.13
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $139,900 Apartment Style Garden
Price Per Unit $34,975 Building Class C
Sale Type Investment Lot Size 0.04 AC
Sale Conditions Distress Sale Building Size 31,756 SF
No. Units 4 Average Occupancy 75%
Property Type Multifamily No. Stories 2
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Year Built 1980
Price $139,900
Price Per Unit $34,975
Sale Type Investment
Sale Conditions Distress Sale
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.04 AC
Building Size 31,756 SF
Average Occupancy 75%
No. Stories 2
Year Built 1980

Unit Amenities

  • Air Conditioning
  • Kitchen
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-05-16-1-001-050.003
  • 16-05-16-1-001-050.001
  • 16-05-16-1-001-050.004
  • 16-05-16-1-001-050.002
 Improvements Assessment $0
Land Assessment $0 Total Assessment $45,460

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-05-16-1-001-050.003
  • 16-05-16-1-001-050.001
  • 16-05-16-1-001-050.004
  • 16-05-16-1-001-050.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$45,460
(754) 732-2035

Contacts

  • Listing ID: 33367911

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 201 Colony Dr, Enterprise, AL 36330

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201 Colony Dr, Enterprise, AL for sale Primary Photo- Image 1 of 7
201 COLONY banner
201 Colony Dr, Enterprise, AL for sale Building Photo- Image 2 of 7
201 exterior
201 Colony Dr, Enterprise, AL for sale Building Photo- Image 3 of 7
201 ext 2
201 Colony Dr, Enterprise, AL for sale Building Photo- Image 4 of 7
Unit 8 bathroom
201 Colony Dr, Enterprise, AL for sale Building Photo- Image 5 of 7
unit 8 bedroom
201 Colony Dr, Enterprise, AL for sale Building Photo- Image 6 of 7
#5 Kitchen

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Colony Square Apartments | 201 Colony Dr
(754) 732-2035 x

Colony Square Apartments | 201 Colony Dr

1/2

Yennifer Cooper

(754) 732-2035

(754) 732-2035

Mary Batista

(754) 202-2419

(754) 202-2419

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