Listing Courtesy of: Duke Cox - Real Broker, LLC
919-348-2585
$2,995,000
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1601 Snowden Drive SE Unit 1601 Wilson, NC 27893
Duplex
Residence
62
Beds
30
Baths
...
Bed/Bath
24,915
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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 year...s, 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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MLS#
10065122
Property Type
Duplex
Bedrooms
62
Bathrooms
Year Built
1981
Square Feet
24,915
sq. ft
Lot Size
3.7
Stories
1.0
Sewer
Public Sewer
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