1601-1803 Snowden Dr - Apartments FOR SALE


Wilson, NC 27893
$2,895,000 USD
919-394-2092
1601-1803 Snowden Dr, Wilson, NC for Sale
$2,895,000 USD
Apartments - FOR SALE
1/13
null | 7.24% Cap Rate

1601-1803 Snowden Dr
Wilson, NC 27893


HIGHLIGHTS

  • Ample resident parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

30

PRICE/UNIT

$96,500

CAP RATE

7.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

RA6

APN/PARCEL ID

3721-63-6509.000

ASK ABOUT THIS PROPERTY

Johnny CoxReal Broker LLCMore Info
919-394-2092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Johnny CoxReal Broker LLCMore Info
919-394-2092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.