1601 Snowden Drive Southeast
$2,895,000
—
24,915
24,915
$116
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...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.
- Listed by Duke Cox • Real Broker LLC
Property Details for 1601 Snowden Drive Southeast
Subdivision Name
Springfield
ZoningResidential
SubdivisionSpringfield
LISTING UPDATED: 01/06/2025 08:36 PM
Property Details for 1601 Snowden Drive Southeast
Status | Active |
---|---|
MLS # | 100478242 |
Days on Market | 37 |
Taxes | $19,261 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi-Family |
Year Built | 1981 |
Lot Size | 3.70 AC / 161,172 SF |
County | Wilson County |
Building Information for 1601 Snowden Drive Southeast
Stories-Residences-Year Built1981Building Size-Lot Size3.70 AC / 161,172 SF
Property Information for 1601 Snowden Drive Southeast
Property History for 1601 Snowden Drive Southeast
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1601 Snowden Drive Southeast
Taxable ValueLand$15,000Additions$107,054Total$122,054
Tax Record2021$565 ($47 / month)
Home Facts
Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtStories1Lot Size9,540 SqFtStyleMulti-Family Dwelling (2-4)Year Built1981Year Renovated1990CountyWILSONAPN3721-63-6509.000
Schools near 1601 Snowden Drive Southeast
This home is within Wilson County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 12 |
Rating | School | Distance |
---|---|---|
B O Barnes Elementary PublicK to 5 | ||
Charles H Darden Middle Public6 to 8 | ||
Beddingfield High Public9 to 12 | ||
Milton M Daniels Learning Center Public3 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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