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1601-1803 Snowden Dr

15 Unit Apartment Building $2,995,000 ($199,667/Unit) Wilson, NC 27893

Executive Summary

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 Facts

Price $2,995,000
Price Per Unit $199,667
Sale Type Investment
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.21 AC
Building Size 23,280 SF
No. Stories 1
Year Built 1982
Parking Ratio 2.58/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3721-63-6509.000
Land Assessment
$15,000
Improvements Assessment
$107,054
Total Assessment
$122,054

zoning

Zoning Code RA6 (Residential)
RA6 (Residential)
  • Listing ID: 34280823

  • Date on Market: 12/23/2024

  • Last Updated:

  • Address: 1601-1803 Snowden Dr, Wilson, NC 27893

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