Active
1601 Snowden Drive SE
Wilson NC, 27893
$2,995,000
$120.21 per sqft
Active
62 Beds
30 Baths
24,915 sqft
Multi-family
Built in 1981
Listing courtesy of Real Broker, LLC
Investment Opportunity: Exceptional investment opportunity to own a 30-unit Multi-family Portfolio in Wilson, NC, in a prime location. This well-maintained portfolio comprises 15 duplex buildings (14-2Beds/1bath, and 1-3Beds/1bath). Twenty-five (25) units were completely renovated in the last 5 years, ensuring modern features and improved tenant appeal. These properties provide sufficient parking for residents and visitors. Gross Rent Roll is currently $21,850/month but projected to be between $25,000 and $28,000 in 1 to 2 years. Operating Expenses are comparatively low, with a Property Management Company in place. This portfolio provides stable occupancy and strong upside through modest rent increases and management efficiencies. Located in growing Wilson, NC, as the manufacturing hub of Eastern North Carolina, the properties benefit from strong rental demand, proximity to major employers, and access to local amenities, ensuring consistent occupancy and long-term investment security. This is a turnkey investment and ideal for experienced investors or first-time buyers seeking immediate cash flow with room for growth. All photos of the buildings prior to being leased or sold were taken by the listing agent a couple of years ago.
10065122
MLSⓇ ID
November 26, 2024
Listed
December 2, 2024
Updated
Map
1601 Snowden Drive SE
Wilson NC, 27893
Interior Features
Total Stories
1
Bedrooms
62
Total Bathrooms
30
Full Bathrooms
30
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
3.7 Acres
Architectual Style
Ranch
Roof
Asphalt
Sewer
Public Sewer
School Information
High School
Wilson - Beddingfield
Elementary School
Wilson - B O Barnes
Other Property Details
Taxes
$19,261
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking
Concrete, No Garage, Parking Pad
View
Yes
County
Wilson
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/2/2024 | Price change | $2,995,000 -1% |
Listed by Duke Cox, , Real Broker, LLC
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Data last updated 11:11 PM UTC, 12/2/2024