1601 Snowden Drive Southeast

Wilson, NC 27893

$2,895,000
Price
Beds
24,915 Sq. Ft.
$116 / Sq. Ft.
24,915
Sq. Ft.
$116
per Sq. Ft.

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.
  1. Listed by Duke Cox • Real Broker LLC

Property Details for 1601 Snowden Drive Southeast

Subdivision Name
Springfield
Zoning
Residential
Subdivision
Springfield
LISTING UPDATED: 01/06/2025 08:36 PM

Property Details for 1601 Snowden Drive Southeast

StatusActive
MLS #100478242
Days on Market37
Taxes$19,261 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1981
Lot Size3.70 AC / 161,172 SF
CountyWilson 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

Summary
Location and General Information
  • City: Wilson
  • State Or Province: NC
  • Postal Code: 27893
  • County Or Parish: Wilson
  • 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
  • Latitude: 35.71
  • Longitude: -77.90
  • Postal Code Plus4: 6471
  • City Limits: Yes
  • Secondary Subdivision: N/A
  • Building Ext Features: Location Type: Mainland
  • Legal and Taxes: Zoning Details: Residential
Taxes and HOA
  • Tax Other Assessment Amount Frequency: None
  • Association Fee: $.00
  • Tax Legal Description: 1601 Snowden Dr Se L1s1 Springfield 1.00Lt and other descriptions
  • Tax Book Number: 178
  • Tax Map Number: 3721636509.000
  • Tax Year: 2024
  • Tax Assessed Value: $122,054.00
  • Parcel Number: 3721-63-6509.000
  • Tax Block: 15
  • Tax Annual Amount: $19,261.00
  • Legal and Taxes: Cobra Zone: No
  • Legal and Taxes: Deed Book: 2693
  • Legal and Taxes: Deed Page: 360.0
  • Legal and Taxes: Legal: 1601 Snowden Dr Se L1s1 Springfield 1.00Lt and other descriptions
  • Legal and Taxes: PID: 3721636509.000
  • Legal and Taxes: Plat Book: 178
  • Legal and Taxes: Plat Page: 15
  • Legal and Taxes: Tax Assessed Value: $122,054.00
  • Legal and Taxes: Total Real Estate Property Taxes: $19,261.00
  • Legal and Taxes: Tax Year: 2024
Parking
  • Attached Garage: No
  • Garage: N/A
School Information
  • HOA and School Info: Elementary School: Wilson - B O Barnes
  • HOA and School Info: High School: Wilson - Beddingfield
Property
Lot Information
  • Lot Size Units: Acres
  • Lot Size Acres: 3.7
  • Lot Size Area: 3.7
  • Living Area: 24915.0
  • Lot Size Dimensions: See in comments
  • Building Area Total: 24915.0
  • Lot Size Square Feet: 161172.0
  • Living Area Units: Square Feet
  • Building Ext Features: Lot Dimensions: See in comments
  • Building Ext Features: Lot Acres: 3.7
  • Building Ext Features: Lot Sq Ft: 161172.0
Property and Assessments
  • New Construction: No
  • Year Built: 1981
  • Legal and Taxes: Special Assessments: None
Interior and Exterior Features
Exterior Features
  • Roof: Asphalt
  • Pool Private: No
  • Foundation Details: Slab
Interior Features
  • Levels: One
  • Flooring: Carpet, Vinyl
  • Cooling: Central Air
  • Heating: Electric
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Master Bedroom Level: No
  • Heating System: Electric: Yes

Property History for 1601 Snowden Drive Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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1601 Snowden Drive Southeast is a multi-family home for sale in Wilson, NC 27893. This property was listed for sale on November 26, 2024 by Real Broker LLC, it's currently listed at $2,895,000. It has been on the market for a total of 37 days and was last sold on March 28, 2017. This listing's school district is Wilson County School District. Nearby schools include B O Barnes Elementary, Charles H Darden Middle and Beddingfield High. 1601 Snowden Drive Southeast is a 0-bed, 0-bath, 24,915 sqft multi-family home built in 1981.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker LLC

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.