10-Home Multifamily
For Sale
$1,500,000
111 Villa Dr, Jacksonville, NC 28546
Tenant-occupied rental homes are offered as a complete portfolio, smaller groupings, or individual properties.
Property Size14,230 SF
Price / SF$105.41
Days on Market124
Property Features for 111 Villa Dr
General Information
Standard status
Active
Size
14,230 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
10
Building Details
Year Built
1978
Buildings
10
Tenancy
Multi
Listing Agency:
Keller Williams Innovate-Wilmington
Listed By:
The Domenico Grillo Real Estate Team
(910) 508-7387
Source:
Coastalrealtyassociates
Added: Jun 23
Changed: Oct 1
Last Checked: Oct 23 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Innovate-Wilmington
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily offering comprises 10 rental homes within the same Jacksonville community. The homes are currently occupied under month-to-month leases, providing flexible lease positioning for a future owner. The portfolio has a reported PropertySize of 14,230 and dates to 1978.
Properties included are 102 Villa Drive; 111 Villa Drive; and 204, 206, 208, 400, 433, 528, 611, and 629 Myrtlewood Circle. The homes may be acquired together, in smaller package groupings, or individually, creating multiple acquisition formats within one offering.
Properties included are 102 Villa Drive; 111 Villa Drive; and 204, 206, 208, 400, 433, 528, 611, and 629 Myrtlewood Circle. The homes may be acquired together, in smaller package groupings, or individually, creating multiple acquisition formats within one offering.
Key Highlights
- 10 rental homes located within the same community
- All homes are tenant‑occupied on month‑to‑month leases
- Reported PropertySize of 14,230
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,372
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,587,440
$2.6M
Cap Rate 7%
$1,848,171
$1.8M
Cap Rate 9%
$1,437,467
$1.4M
Market Conditions
NOI Build-Up for 14,230 SF
Gross rent
$247.6K $17.40/SF
− Vacancy
−$12.4K −$0.87/SF
EGI
$235.2K $16.53/SF
− OpEx
−$105.8K −$7.44/SF
NOI
$129.4K $9.09/SF
Area
Onslow County, NC
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,587,440
Cap Rate 7%
$1,848,171
Cap Rate 9%
$1,437,467
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,372 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.61M
NOI $216,387 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied rental homes are offered as a complete portfolio, smaller groupings, or individual properties.
Where is this multifamily property located?
The property is located at 111 Villa Dr Jacksonville, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10 rental homes located within the same community; All homes are tenant‑occupied on month‑to‑month leases; Reported PropertySize of 14,230
