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.
**MOTIVATED SELLER**Don't miss out on this great opportunity to add a fully occupied triplex to your investment portfolio! Located just blocks from the rapidly growing Historic Downtown Wilson business district and new minor league baseball stadium. Call today!
Great value add opportunity in an amazing location. This property is conveniently within walking distance to Barton College and downtown Wilson. Roof replaced in 2022. There is a apartment building nearby that is scheduled to open in fall 2024. Property can be accessed from Gray street. Be careful on the property. There is no paved driveway or gravel. Building is unlivable with no/zero heated square footage and no utilities on. There are asbestos covered pipes present in the building.
Wilson is located in North Carolina. Wilson, North Carolina has a population of 47,914. Wilson is less family-centric than the surrounding county with 24.45% of the households containing married families with children. The county average for households married with children is 25.31%.
The median household income in Wilson, North Carolina is $46,146. The median household income for the surrounding county is $47,348 compared to the national median of $69,021. The median age of people living in Wilson is 38.1 years.
The average high temperature in July is 90.2 degrees, with an average low temperature in January of 30.6 degrees. The average rainfall is approximately 45.5 inches per year, with 2 inches of snow per year.