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$2,995,000
25 Days On Site

1601 Snowden Drive SE
Wilson, NC 27893

For Sale|Duplex|Active
62
Beds
30
Full Baths
0
Partial Baths
24,915
SqFt
$120
/SqFt
1981
Built
Subdivision:
Springfield
County:
Wilson

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919-427-5671
1601 Snowden Drive SE1601 Snowden Drive SE1601 Snowden Drive SE1601 Snowden Drive SE
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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.

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Listing Snapshot
Price 
$2,995,000
Days On Site 
25 Days
Bedrooms 
62
Inside Area (SqFt) 
24,915 sqft
Total Baths 
30
Full Baths 
30
Partial Baths 
N/A
Lot Size 
3.7 Acres
Year Built 
1981
MLS® Number 
10065122
Status 
Active
Property Tax 
$19,261
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $2,995,000
4 weeks agoListing first seen on site
General Features
Acres 
3.7
Foundation 
Slab
Parking 
ConcreteNo GarageParking Pad
Parking Spaces 
2
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
24915
SqFt Total 
24915
Stories 
One
Style 
Ranch
Water Source 
Public
Interior Features
Cooling 
Central Air
Flooring 
CarpetVinyl
Heating 
Central
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Exterior Features
Construction Details 
Brick
Roof 
Asphalt
Community Features
Financing Terms Available 
Cash
Schools
School District
Unknown
Elementary School
Wilson - B O Barnes
Middle School
Wilson - Charles H Darden
High School
Wilson - Beddingfield
Listing courtesy of Duke Cox of Real Broker, LLC



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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