Unlock the potential of an exceptional income-producing property at Colony Square Apartments, located at 201 Colony Drive in Enterprise, Alabama. This well-positioned apartment community includes 28 units spread across two floors, offering a total of 31,756 square feet of space. Built in 1980, The property features central heat & air, city water & sewer, and all units are separately metered. The Colony Square Apartments present a unique value-add opportunity, with a medium-level rehab required to unlock its full potential. Currently rented below market value, this property offers substantial upside for investors looking to capitalize on rental rate increases and improvements. It is located near a growing area with high potential for appreciation, just minutes from Fort Novosel (formerly Fort Rucker), the U.S. Army’s home of Army Aviation. Enterprise, AL, is a thriving community offering a variety of local attractions, including restaurants, museums, art centers, and even a monument dedicated to an insect. With its proximity to Fort Novosel and being a gateway to both Fort Rucker and the Gulf of Mexico, this location is poised for growth and increased demand for rental properties. Don't miss this rare opportunity to invest in a high-potential property in a prime, growing location. Contact the Real Pro Inc. team today for more information and to schedule a tour.