1601 Snowden Drive SE Wilson, NC 27893
Single Family Attached
MLS #: 100478242
Courtesy Of Real Broker LLC
Property InformationDescription
1601 Snowden Drive Multi-Family Portfolio | Wilson, NC | 30 Units
Offered for Sale | $2,800,000 Full Portfolio
Flexible Purchase Options:
Full Portfolio (30 Units): $2,800,000
Group 1 (10 Units): $975,000
Group 2 (20 Units): $1,875,000
Investment Highlights:
Presenting an exceptional investment opportunity to acquire a 30-unit multi-family portfolio in the thriving city of Wilson, NC. This well-maintained portfolio consists of 15 duplex buildings (14 x 2-bed/1-bath units and 1 x 3-bed/1-bath unit), strategically located in a prime rental corridor with strong tenant demand.
25 of 30 units fully renovated within the past 5 years, featuring modern finishes and improved market appeal.
Ample parking for residents and visitors.
Gross monthly rent roll: $21,850 with projections of $25,000 to $28,000/month within 1-2 years.
Stable occupancy with room for rent growth and operational efficiencies.
Professional property management in place.
Low operating expenses compared to market averages.
Proximity to major employers, retail, and essential services.
No seller financing. Cash or conventional financing buyers only.
Market Overview:
Wilson, NC is rapidly emerging as the manufacturing hub of Eastern North Carolina, attracting job growth, population influx, and rental demand. This portfolio is strategically positioned to capitalize on the area's economic expansion, providing investors with consistent cash flow and long-term value appreciation.
Investor Appeal:
Perfect for institutional investors, private equity groups, syndicators, and high-net-worth individuals
Offered for Sale | $2,800,000 Full Portfolio
Flexible Purchase Options:
Full Portfolio (30 Units): $2,800,000
Group 1 (10 Units): $975,000
Group 2 (20 Units): $1,875,000
Investment Highlights:
Presenting an exceptional investment opportunity to acquire a 30-unit multi-family portfolio in the thriving city of Wilson, NC. This well-maintained portfolio consists of 15 duplex buildings (14 x 2-bed/1-bath units and 1 x 3-bed/1-bath unit), strategically located in a prime rental corridor with strong tenant demand.
25 of 30 units fully renovated within the past 5 years, featuring modern finishes and improved market appeal.
Ample parking for residents and visitors.
Gross monthly rent roll: $21,850 with projections of $25,000 to $28,000/month within 1-2 years.
Stable occupancy with room for rent growth and operational efficiencies.
Professional property management in place.
Low operating expenses compared to market averages.
Proximity to major employers, retail, and essential services.
No seller financing. Cash or conventional financing buyers only.
Market Overview:
Wilson, NC is rapidly emerging as the manufacturing hub of Eastern North Carolina, attracting job growth, population influx, and rental demand. This portfolio is strategically positioned to capitalize on the area's economic expansion, providing investors with consistent cash flow and long-term value appreciation.
Investor Appeal:
Perfect for institutional investors, private equity groups, syndicators, and high-net-worth individuals
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Heating System: Electric (Heating)
- Legal Description: 1601 Snowden Dr Se L1s1 Springfield 1.00Lt and other descriptions
- MLSID: 100478242
MAP & DIRECTIONS
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