1601 Snowden Drive SE
Wilson, NC 27893
- 62 beds
- 30 baths
- 24,915 sqft
- ~4 acre lot
- $120 per sqft
- 1981 build
- – on site
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.
Listing courtesy of DMLS / Real Broker, LLC
Last checked:
Checking…
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Last updated Dec 11, 2024
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MLS# 10065122 —
The Building
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Year Built:1981
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Ranch
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Roof:Asphalt
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Levels:One
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Basement:false
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Foundation Details:Slab
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Building Area Total:24915
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Building Area Units:Square Feet
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# of Units Total:30
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Above Grade Finished Area:24915
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Flooring:Carpet
Room Dimensions
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Living Area:24915
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Living Area Units:Square Feet
Location
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Directions:Take Raleigh Rd Pkwy N to NC-42 E/NC-58 Business S/Ward Blvd, Continue onto NC-42 E/NC-58 Business S/Ward Blvd, Continue on NC-58 Business S/Ward Blvd to US-301 S, Turn right onto US-301 S, Continue on Singletary St SE. Take Stantonsburg Cir SE to Snowden Dr SE
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Latitude:35.70571
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Longitude:-77.899821
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Coordinates:-77.899821, 35.70571
The Property
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Parcel Number:3721636509.000
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Property Subtype:Duplex
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Property Type:Residential Income
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Lot Size Acres:3.7
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Lot Size Area:3.7
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Lot Size SqFt:161172
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Lot Size Units:Acres
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (919) 394-2092
- Office phone:
- (919) 348-2585
Taxes
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Tax Annual Amount:19261
Beds
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Bedrooms Total:62
Baths
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Total Baths:30
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Total Baths:30
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Total Baths:30
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Full Baths:30
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Wilson - B O Barnes
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Middle Or Junior School:Wilson - Charles H Darden
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High School:Wilson - Beddingfield
The Community
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Subdivision Name:Springfield
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Pool Private:false
Parking
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Attached Garage:false
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Parking Features:Concrete
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Open Parking:true
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Open Parking Spaces:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/2/24
Dec 2, 2024
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Price Changed | DMLS | $2,995,000 | -0.2% |
11/26/24
Nov 26, 2024
|
Listed / Active | DMLS | $2,999,900 |