Property
Wilson, NC 27893 1601 Snowden Drive SE
$2,995,000
8 more
Presented By: Real Broker LLC
Home Details
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.
Presented By: Real Broker LLC
Interior Features for 1601 Snowden Drive SE
Other Interior Features
List Price/SqFt120.21
General for 1601 Snowden Drive SE
CityWilson
City LimitsYes
Cobra ZoneNo
CountyWilson
Days on Market2
Geo Lat35.705708
Geo Lon-77.899815
Listing Member NameDuke Cox
Location TypeMainland
Lot Sqft161172.00
New ConstructionNo
Property TypeG
Sale/LeaseSale
Sale/Lease IncludesBuildings
Secondary SubdivisionN/A
Special AssessmentsNone
StatusActive
Stipulation of SaleNone
Street NameSnowden
SubdivisionSpringfield
Tax Assessed Value122054.00
Tax Year2024
Year Built1981
ZoningResidential
Exterior for 1601 Snowden Drive SE
Lot Acres3.70
Lot DimensionsSee in comments
MLS Identifier20150918160742258811000000
Additional Details
Price History
Brian Inskip
North Carolina Coastal Real Estate Expert