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1601 Snowden DR SE Wilson, NC 27893
24,915 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,915 sqft
Price per Sqft $112
Subdivision Springfield
MLS Listing ID 100478242
Year Built 1981
Annual Tax Amount $19,261
Lot Size 3.700 Acres
Acres 3.7
Lot Dimensions See in comments
Property Sub-Type Multi Family
Source Hive MLS
Property Description
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
Location
State NC
County Wilson
Community Springfield
Zoning Residential
Direction 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
Interior
Heating Electric
Building
New Construction No
Others
Tax ID 3721-63-6509.000
