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For sale
  • $2,895,000

    1601 Snowden Dr SE, Wilson, NC 27893

    62beds
    24,915sqft
    : 
    Duplex, Multi Family
    Built in 1981
    -- sqft lot
    $-- Zestimate®
    $116/sqft
    $-- HOA

    What's special

    Modern featuresSufficient parkingPrime location
    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.
    151 days
    on Zillow
    |
    857
    |
    51
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 18, 2025 at 06:45am

    Listed by:

    Duke Cox 919-394-2092,

    Real Broker, LLC

    Source: Doorify MLS,MLS#: 10065122MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1601 Snowden Dr SE.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 62
    • Bathrooms: 30
    • Full bathrooms: 30
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Flooring: Carpet, Vinyl
    Interior area
    • Total structure area: 24,915
    • Total interior livable area: 24,915 sqft
    • Finished area above ground: 24,915
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Concrete, No Garage, Parking Pad
    • Uncovered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    Lot
    • Size: 3.7 Acres
    Details
    • Parcel number: 3721636509.000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Duplex, Multi Family
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Springfield
    Location
    • Region: Wilson

    Financial & listing details

    • Price per square foot: $116/sqft
    • Annual tax amount: $19,261
    • Date on market: 11/26/2024
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