1. North Carolina
2. Wilson
3. 1601 Snowden Drive

1601 Snowden Drive, Wilson, NC 27893

• 24,915 sqft

Property Description

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

Listing Status:

Active

Date Added:

December 2, 2024 at 06:00AM

Listing Office:

Real Broker LLC : 919-348-2585

MLS ID:

100478242

Interior

• Heating: Electric

Location

Lot

Financial

This listing courtesy of Real Broker LLC