1601-1803 Snowden Dr - Apartments FOR SALE


Wilson, NC 27893
$2,800,000 USD
919-394-2092
1601-1803 Snowden Dr, Wilson, NC for Sale
$2,800,000 USD
Apartments - FOR SALE
1/29
null | 7.49% Cap Rate

1601-1803 Snowden Dr
Wilson, NC 27893


HIGHLIGHTS

  • 25 of 30 units renovated in the past 5 years.
  • Gross monthly total rent roll -$21,850 with projections of $25,000-$28,000 per month within 1 to 2 years.
  • Stable occupancy with room for rent growth.
  • Low operating expenses compared to market averages.
  • Flexible purchase options see description above for more information.

OVERVIEW

Investment Highlights: Presenting an exceptional investment opportunity to acquire a 30-unit multi-family portfolio in the thriving city of Wilson, NC. This well-maintained portfolio consists of 15 duplex buildings (14 x 2-bed/1-bath units and 1 x 3-bed/1-bath unit), strategically located in a prime rental corridor with strong tenant demand. 25 of 30 units fully renovated within the past 5 years, featuring modern finishes and improved market appeal. Ample parking for residents and visitors. Gross monthly rent roll: $21,850 with projections of $25,000 to $28,000/month within 1-2 years. Stable occupancy with room for rent growth and operational efficiencies. Professional property management in place. Low operating expenses compared to market averages. Proximity to major employers, retail, and essential services. No seller financing. Cash or conventional financing buyers only. Flexible Purchase Options: Full Portfolio (30 Units): $2,800,000 Group 1 (10 Units): $975,000 1601 Snowden A & B 1603 Snowden A & B 1605 Snowden A & B 1607 Snowden A & B 1609 Snowden A & B Group 2 (20 Units): $1,875,000 1701 Birchwood A & B 1701 Snowden A & B (3-bed/1-bath) 1702 Snowden A & B 1705 Snowden A & B 1706 Snowden A & B 1707 Snowden A & B 1713 Snowden A & B 1715 Snowden A & B 1801 Snowden A & B 1803 Snowden A & B

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

30

PRICE/UNIT

$93,333

CAP RATE

7.49%

% LEASED

97%

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

3.63 AC

LAND SF

158,228 SF

ZONING

RA6

APN/PARCEL ID

3721-63-6509.000,3721-63-6654.000,3721-63-7700.000,3721-63-7774.000,3721-63-8757.000,3721-63-9892.000,3721-73-0874.000,3721-73-1836.000,3721-73-2808.000,3721-73-2960.000,3721-73-3932.000,3721-73-3995.000,3721-73-4967.000,3721-73-5938.000,3721-73-6944.000

ASK ABOUT THIS PROPERTY

Duke CoxReal Broker LLCMore Info
919-394-2092

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Duke CoxReal Broker LLCMore Info
919-394-2092

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