1601 Snowden Drive SE, Wilson, NC 27893
$2,800,000





























Property Type:
Comm Sale or Lease
Square Footage:
24,915
Lot Size (sq. ft.):
161,172
Status:
Active
Current Price:
$2,800,000
List Date:
12/02/2024
Last Modified:
5/20/2025
Description
1601 Snowden Drive Multi-Family Portfolio | Wilson, NC | 30 Units
Offered for Sale | $2,800,000 Full Portfolio | Group Purchase Options Available
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.
Flexible Purchase Options:
Full Portfolio (30 Units): $2,800,000
Group 1 (10 Units): $975,000
1601 Snowden A & B
1603 Snowden A & B
1605 Snowden A & B
1607 Snowden A & B
1609 Snowden A & B
Group 2 (20 Units): $1,875,000
1701 Birchwood A & B
1701 Snowden A & B (3-bed/1-bath)
1702 Snowden A & B
1705 Snowden A & B
1706 Snowden A & B
1707 Snowden A & B
1713 Snowden A & B
1715 Snowden A & B
1801 Snowden A & B
1803 Snowden A & B
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 indi
More Information MLS# 100478242
Contract Info
Available Date: 2024-12-01
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2024-12-01
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
Listing Price: 2800000
Current Price: $2,800,000
List Price/SqFt: 112.38
Stipulation of Sale: Standard
Location Information
Street #: 1601
Street Name: Snowden
Street Suffix: Drive
Post Direction: SE
County: Wilson
State/Province: NC
Zip Code: 27893
City Limits: Yes
Marketing City: Wilson
Subdivision: Springfield
Secondary Subdivision: N/A
Geo Lat: 35.705708
Geo Lon: -77.899815
Remarks and Showing
Directions to Property: Take 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 Singletary St SE. Take Stantonsburg Cir SE to Snowden Dr SE
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 24915
Legal and Taxes
Tax Assessed Value: 122054
Deed Book: 2693
Deed Page: 360
Legal: 1601 Snowden Dr Se L1s1 Springfield 1.00Lt and other descriptions
Broker Owner: No
PID: 3721636509.000
Tax Identifier: 3721-63-6509.000
Plat Book: 178
Plat Page: 15
Total Real Estate Property Taxes: 19261
Special Assessments: None
Tax Year: 2024
Year Built: 1981
Zoning: Residential
Cobra Zone: No
Property Features
Showing Instructions: Special Instructions
Heating System Fuel Source: Electric
Listing Office: Real Broker LLC
Last Updated: May - 20 - 2025
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