photo 1: 1601 Snowden Drive SE, Wilson NC 27893

Courtesy of Duke Cox, Real Broker LLC

Active

1601 Snowden Drive SE, Wilson NC 27893

$2,895,000

Price

-

Beds

-

Baths

-

Sq. Ft.

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.

Listing Type

Farm

Property Type

Multi-Family

Built Year

1981

Levels

--

Price/Sqft

--

Lot Size Acre

3.7

Status

Active

Days on Realoq

131

Living Area

-- Sq. Ft.

Lot Size Sqft

161,172 Sq. Ft.

Location

Agent

Duke Cox

Brokerage

Real Broker LLC

Source AOR

Wilson

Listing ID #

100478242

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 04/12/2025 12:43 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Real Broker LLC shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.

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