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.
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1981
Living Area: 24,915 SqFt
Listing Office:
Office Name: Real Broker, LLC
Office Phone: (919) 348-2585
Listing Agent: Duke Cox
Interior Features
Interior Information:
Flooring Type: Carpet, Vinyl
Bedroom and Bathroom Information:
Full Bathrooms: 30
Total Bedroom Count: 62
Exterior Features
Parking Information:
Attached Garage: No
Parking: Concrete, No Garage, Parking Pad
Lot Features
Lot Information:
Lot Size: 3.70 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: 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
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Price Per SqFt: $120/SqFt
Tax Information:
Annual Amount: $565
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Wilson, NC.
Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 3:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$565
$43,310
2020
$565
$43,310
2019
$565
$43,310
2018
$565
$43,310
2017
$557
$43,310
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Barnes Elementary School
1913 Martin L King Parkway
Distance between this listing and this school0.92 miles
Public District Grades KG-5
3
/10
Vick Elementary School
504 N Carroll Street
Distance between this listing and this school1.01 miles
Public District Grades KG-5
9
/10
Winstead Elementary School
1713 Downing St SW
Distance between this listing and this school1.82 miles
Public District Grades KG-5
Nearby Schools
2
/10
Darden Middle School
1665 Lipscomb Rd E
Distance between this listing and this school1.20 miles
Public District Grades 6-8
1
/10
Toisnot Middle School
1301 Corbett Ave N
Distance between this listing and this school2.73 miles
Public District Grades 6-8
6
/10
Forest Hills Middle School
1210 Forest Hills Rd NW
Distance between this listing and this school3.72 miles
Public District Grades 6-8
Nearby Schools
2
/10
Milton M Daniels Learning Center
723 Elvie St S
Distance between this listing and this school0.64 miles
Public District Grades 3-12
9
/10
Wilson Early College Academy
902 Herring Ave E
Distance between this listing and this school1.69 miles
Public District Grades 9-12
8
/10
Sallie B Howard School
1004 Herring Ave E
Distance between this listing and this school1.78 miles
The neighbors living near this home have an average income of $25,041. Most Wilson, NC residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
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This home is located at 1601 Snowden Dr SE in Wilson, NC and zip code 27893 in the Springfield neighborhood. This 24,915 square foot home, which was built in 1981, sits on a 3.70 acre lot. Features: 62 bedrooms, 30 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $2,995,000.
In November 2024 more than 5 listings in Wilson, NC were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 30 were sold below. The number of homes for sale in Wilson, NC decreased by 3.5% between October 2024 and November 2024. In November 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $254,996.
From Rocket Homes Real Estate and based on county public records data.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
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