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

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