1601 Snowden Drive , 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# | 100478242 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 48 |
| Listing Provided By | Real Broker LLC | Duke Cox |
Features
| SQ Feet | 24,915 |
|---|---|
| Zoning | Residential |
| Acreage | 3.70 |
Market Activity 27893
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Learn More About This Property
| State | NC |
|---|---|
| County | Wilson |
| City | Wilson |
| Zip Code | 27893 |
| Area | Wilson |
| Community Name | Springfield |
| Listing VS Median (in Springfield) | |
Price: $2,895,000 low | high Med: $2,895,000 SqFt: 24,915 low | high Med: 24,915 $ / SqFt: $116 low | high Med: $116 On Site: 48 low | high Med: 48.000000 | |