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.
For sale
$2,895,000
1601 Snowden Dr SE, Wilson, NC 27893
62beds
24,915sqft
Est.:
Duplex, Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$116/sqft
$-- HOA
What's special
Modern featuresSufficient parkingPrime location
- 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#: 10065122

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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