1601 Snowden Dr SE

Wilson NC 27893

1632 sq. ft.

9583 sq. ft.

Other

Currently for sale - view listing

Overview

Investment Opportunity: 30-Unit Apartment Portfolio in Wilson, NC Exceptional investment opportunity to own a 30-unit apartment complex in a prime location in Wilson, NC. This well-maintained portfolio consists of 15 buildings with a mix of 2-bedroom and 3-bedroom duplex units. 25 units were completely renovated between 2017 and 2020, ensuring modern features and improved tenant appeal. Plenty of parking for residents. Key Financials: Gross Monthly Rent (Current): $21, 850, Gross Annual Rent: $262, 200 Operating Expenses are currently low. A property management company is currently maintaining the units. Significant renovations were completed between 2017 and 2020 (25 units updated). The vacant unit offers a value-added opportunity for increased rental revenue. It has a stable occupancy and strong upside potential through modest rent increases and management efficiencies. Located in growing Wilson, NC, the property benefits from strong rental demand, proximity to major employers, and access to local amenities, ensuring consistent occupancy and long-term investment security. This portfolio is a turnkey investment, ideal for experienced multifamily investors or first-time buyers seeking immediate cash flow with room for growth. All photos of other buildings prior to being leased or sold were taken by the listing agent a couple of years ago. All buildings have been well maintained.