1601 Snowden Drive SE , Wilson, NC 27893
Wilson, NC 27893
Description
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.
Details
| Mls | 10065122 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 17 |
| Listing Provided By | Real Broker, LLC | Duke Cox |
Features
| Beds | 62 |
|---|---|
| Baths | 30 Total |
| Sq Feet | 24,915 |
| Units | 30 |
| Acreage | 3.70 |
| Property View | Yes |
Market Activity 27893
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Wilson |
| City | Wilson |
| Zip Code | 27893 |
| Area | Wilson |
| Community Name | Springfield |
| School District | Wilson - Beddingfield |
| Elementary School | Wilson - B O Barnes |
| Middle School | Wilson - Charles H Darden |
| High School | Wilson - Beddingfield |
| Listing VS Median (in Springfield) | |
Price: $2,995,000 low | high Med: $265,000 SqFt: 24,915 low | high Med: 1,602 $ / SqFt: $120 low | high Med: $165 On Site: 17 low | high Med: 38.000000 | |