• 910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area

    910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area
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Property Listing

1601 Snowden Drive, Wilson
$2,800,000
MLS Number:
100478242
Built:
1981
Sq Ft:
24915
Listing Date:
Dec 1, 2024
1601 Snowden Drive Multi-Family Portfolio | Wilson, NC | 30 UnitsOffered for Sale | $2,800,000 Full Portfolio | Group Purchase Options AvailableInvestment 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.Flexible Purchase Options:Full Portfolio (30 Units): $2,800,000Group 1 (10 Units): $975,0001601 Snowden A & B1603 Snowden A & B1605 Snowden A & B1607 Snowden A & B1609 Snowden A & BGroup 2 (20 Units): $1,875,0001701 Birchwood A & B1701 Snowden A & B (3-bed/1-bath)1702 Snowden A & B1705 Snowden A & B1706 Snowden A & B1707 Snowden A & B1713 Snowden A & B1715 Snowden A & B1801 Snowden A & B1803 Snowden A & BMarket 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 indi
Address: 1601 Snowden Drive
City: Wilson
State: NC
Zip: 27893
Area: Springfield
Lot Size: 3.70 acres
Property Type: Commercial
Sale or Lease: Sale
Listing Office: Real Broker LLC

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