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For sale
  • Price cut: $95K (5/20)
    $2,800,000

    1601 Snowden Dr SE, Wilson, NC 27893

    62beds
    24,915sqft
    : 
    Duplex, Multi Family
    Built in 1981
    -- sqft lot
    $-- Zestimate®
    $112/sqft
    $-- HOA

    What's special

    Modern finishesAmple parking
    1601 Snowden Drive Multi-Family Portfolio | Wilson, NC | 30 Units Offered for Sale | $2,800,000 Full Portfolio Flexible Purchase Options: Full Portfolio (30 Units): $2,800,000 Group 1 (10 Units): $975,000 Group 2 (20 Units): $1,875,000 Investment Highlights: Presenting an exceptional investment opportunity to acquire a 30-unit multi-family portfolio in the thriving city of Wilson, NC. This well-maintained portfolio consists of 15 duplex buildings (14 x 2-bed/1-bath units and 1 x 3-bed/1-bath unit), strategically located in a prime rental corridor with strong tenant demand. 25 of 30 units fully renovated within the past 5 years, featuring modern finishes and improved market appeal. Ample parking for residents and visitors. Gross monthly rent roll: $21,850 with projections of $25,000 to $28,000/month within 1-2 years. Stable occupancy with room for rent growth and operational efficiencies. Professional property management in place. Low operating expenses compared to market averages. Proximity to major employers, retail, and essential services. No seller financing. Cash or conventional financing buyers only. Market Overview: Wilson, NC is rapidly emerging as the manufacturing hub of Eastern North Carolina, attracting job growth, population influx, and rental demand. This portfolio is strategically positioned to capitalize on the area's economic expansion, providing investors with consistent cash flow and long-term value appreciation. Investor Appeal: Perfect for institutional investors, private equity groups, syndicators, and high-net-worth individuals
    230 days
    on Zillow
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    816
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    50
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    Zillow last checked: 7 hours ago

    Listing updated: May 30, 2025 at 09:31am

    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:Today 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: $112/sqft
    • Annual tax amount: $19,261
    • Date on market: 11/26/2024
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