1601 Snowden Dr SE Wilson, NC 27893
Estimated payment $17,763/month
Highlights
- Ranch Style House
- Central Heating and Cooling System
- Carpet
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,261
Year Built
- Built in 1981
Home Design
- 24,915 Sq Ft Home
- Ranch Style House
- Brick Exterior Construction
- Slab Foundation
- Asphalt Roof
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 62 Bedrooms
- 30 Full Bathrooms
Parking
- 2 Parking Spaces
- No Garage
- Parking Pad
- 2 Open Parking Spaces
Schools
- B O Barnes Elementary School
- Charles H Darden Middle School
- Beddingfield High School
Additional Features
- 3.7 Acre Lot
- Central Heating and Cooling System
Community Details
- 15 Buildings
- 30 Units
- Springfield Subdivision
Listing and Financial Details
- Assessor Parcel Number 3721636509.000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/07/2025 01/07/25 | Price Changed | $2,895,000 | -3.3% | $116 / Sq Ft |
| 12/02/2024 12/02/24 | Price Changed | $2,995,000 | -0.2% | $120 / Sq Ft |
| 11/26/2024 11/26/24 | For Sale | $2,999,900 | +9899.7% | $120 / Sq Ft |
| 03/28/2017 03/28/17 | Sold | $30,000 | -35.2% | $18 / Sq Ft |
| 03/09/2017 03/09/17 | Pending | -- | -- | -- |
| 03/07/2017 03/07/17 | For Sale | $46,305 | -- | $28 / Sq Ft |
Source: Doorify MLS
MLS Number: 10065122
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