1601-1803 Snowden Dr
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1601-1803 Snowden Dr
14 Unit Apartment Building $4,301,000 CAD ($307,214 CAD/Unit) Wilson, NC 27893
Investment Highlights
- Low operating expenses with professional property management in place.
- Ample parking for residents and visitors.
- Turnkey investment, ideal for experienced investors or first-time buyers.
- Proximity to major employers and local amenities in Wilson, NC.
- 25 units renovated in the last 5 years with modern upgrades.
- 30-unit multifamily portfolio in Wilson, NC.
Executive Summary
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 Facts
Price | $4,301,000 CAD | Building Class | C |
Price Per Unit | $307,214 CAD | Lot Size | 0.21 AC |
Sale Type | Investment | Building Size | 23,280 SF |
No. Units | 14 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1982 |
Property Subtype | Apartment | Parking Ratio | 2.58/1,000 SF |
Apartment Style | Garden |
Price | $4,301,000 CAD |
Price Per Unit | $307,214 CAD |
Sale Type | Investment |
No. Units | 14 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.21 AC |
Building Size | 23,280 SF |
No. Stories | 1 |
Year Built | 1982 |
Parking Ratio | 2.58/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 14 | - | 816 - 1,032 |
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PROPERTY TAXES
Parcel Number | 3721-63-6509.000 | Improvements Assessment | $153,736 CAD |
Land Assessment | $21,541 CAD | Total Assessment | $175,277 CAD |
PROPERTY TAXES
Parcel Number
3721-63-6509.000
Land Assessment
$21,541 CAD
Improvements Assessment
$153,736 CAD
Total Assessment
$175,277 CAD
zoning
Zoning Code | RA6 |
RA6 |
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1601-1803 Snowden Dr
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