NC > Wilson > Springfield
Wilson, NC 27893,1601 Snowden DR SE
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Wilson, NC 27893,1601 Snowden DR SE
Wilson, NC 27893,1601 Snowden DR SE
Wilson, NC 27893,1601 Snowden DR SE
Wilson, NC 27893,1601 Snowden DR SE
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Lineberger Team

Lineberger Team

+1(252) 500-4440
$ 2,995,000
Est. payment /mo
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Active

1601 Snowden DR SE Wilson, NC 27893

24,915 SqFt

UPDATED:

12/02/2024 04:03 PM

Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,915 sqft

Price per Sqft $120

Subdivision Springfield

MLS Listing ID 100478242

Originating Board Hive MLS

Year Built 1981

Annual Tax Amount $19,261

Lot Size 3.700 Acres

Acres 3.7

Lot Dimensions See in comments

Property Description

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.

Location

State NC

County Wilson

Community Springfield

Zoning Residential

Direction 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

Interior

Heating Electric

Building

New Construction No

Others

Tax ID 3721-63-6509.000

Special Listing Condition None

Hive MLS / (NCRMLS)
Listed by Real Broker LLC

Lineberger Team

+1(252) 500-4440

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1601 Snowden DR SE