Wilson, NC 27893 1601 Snowden Drive SE

1601 Snowden Drive SE Wilson, NC - Image 11601 Snowden Drive SE Wilson, NC - Image 21601 Snowden Drive SE Wilson, NC - Image 3
24 more
1601 Snowden Drive SE Wilson, NC - Image 41601 Snowden Drive SE Wilson, NC - Image 51601 Snowden Drive SE Wilson, NC - Image 61601 Snowden Drive SE Wilson, NC - Image 71601 Snowden Drive SE Wilson, NC - Image 81601 Snowden Drive SE Wilson, NC - Image 91601 Snowden Drive SE Wilson, NC - Image 101601 Snowden Drive SE Wilson, NC - Image 111601 Snowden Drive SE Wilson, NC - Image 121601 Snowden Drive SE Wilson, NC - Image 131601 Snowden Drive SE Wilson, NC - Image 141601 Snowden Drive SE Wilson, NC - Image 151601 Snowden Drive SE Wilson, NC - Image 161601 Snowden Drive SE Wilson, NC - Image 171601 Snowden Drive SE Wilson, NC - Image 181601 Snowden Drive SE Wilson, NC - Image 191601 Snowden Drive SE Wilson, NC - Image 201601 Snowden Drive SE Wilson, NC - Image 211601 Snowden Drive SE Wilson, NC - Image 221601 Snowden Drive SE Wilson, NC - Image 231601 Snowden Drive SE Wilson, NC - Image 241601 Snowden Drive SE Wilson, NC - Image 251601 Snowden Drive SE Wilson, NC - Image 261601 Snowden Drive SE Wilson, NC - Image 271601 Snowden Drive SE Wilson, NC - Image 28
Presented By: Real Broker, LLC;
  • MLS# 10065122
  • 11/26/2024
  • Request Tour
  • Request Info
  • Beds • 62
  • Baths • 30
  • SQFT • 24,915

Home Details

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.
Presented By: Real Broker, LLC;

Interior Features for 1601 Snowden Drive SE

Bedrooms

Total Bedrooms62

Bathrooms

Half Baths0
Total Baths30

Other Interior Features

Above Grade Finished Area24915
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area0
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes

General for 1601 Snowden Drive SE

Architectural StyleRanch
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityWilson
Construction MaterialsBrick
CoolingCentral Air
CountyWilson
DirectionsTake Raleigh Rd Pkwy N to NC-42 E/NC-58 Business S/Ward Blvd, Continue onto NC-42 E/NC-58 Business S/Ward Blvd, Continue on NC-58 Business S/Ward Blvd to US-301 S, Turn right onto US-301 S, Continue on S
Elementary SchoolWilson - B O Barnes
Full Baths30
Garage Y/NNo
HOANo
HeatingCentral
High SchoolWilson - Beddingfield
Lease Considered Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet161172
Lot Size UnitsAcres
Middle/Junior High SchoolWilson - Charles H Darden
ModificationTimestamp2025-01-30T15:35:03.000Z
New ConstructionNo
Number Of Units Total30
Open Parking Spaces2
Property Attached Y/NNo
Property SubtypeDuplex
Property TypeResidential Income
RoofAsphalt
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSpringfield
Tax Annual Amount19261
Waterfront Y/NNo
Year Built1981

Exterior for 1601 Snowden Drive SE

Building Area Total24915
Foundation DetailsSlab
Horse Y/NNo
Lot Size Acres3.7
Lot Size Area3.7
Number of Buildings15
Open Parking Y/NYes
Parking FeaturesConcrete, No Garage, Parking Pad
SpaNo
Water SourcePublic

Additional Details

Price History

Schools

High School Wilson - Beddingfield High School
Middle School Wilson - Charles H Darden Middle School
Elementary School Wilson - B O Barnes Elementary School

Nina Gervase

Realtor
Price $2,895,000
MLS#10065122
List Date 11/26/2024
Property Type Income
Phone 919.323.0880
Request Tour
Request Info
Visit My Website

Similar Properties to 1601 Snowden Drive SE