First post... Hope this is in the right place. 😊
I'm a Central Florida resident & aspiring real estate investor, but I was born in & have family still in Jacksonville, NC. I know it's always been a small, rural Marine town, but they have been building up over the years.
I decided to look to see if it would be worth investing in the area, and the numbers look amazing in the outset. However, I have no idea what the demand for rentals is in the area. Can anyone tell me if rentals are staying vacant for long in Jacksonville & Onslow County? If we did purchase properties there, could we expect to find renters relatively easily? Thanks!
Toney A. Sharpe, Jr.
@Toney Sharpe Jr I have owned a duplex in the area for a year or so now, and it filled up right away and has stayed occupied ever since. It’s a short time frame, but my PM has also told me that the rental market is pretty hot right now.
@Toney Sharpe Jr . I have owned a SFR in Jacksonville, NC for over 10 years as a rental. It has been the worst investment in all of my real estate career. No appreciation, high vacancy rate, low rent. I tried to sell that property twice and no demand. Once I get rid of that property, I will never ever purchase real estate in Jacksonville.
@Emily Howlett what part of jacksonville do you own duplexes at if you dont mind me asking. I just checked out one duplex on the market and the neighborhood was pretty rough so I passed.
@Jenna Walker I believe it's in the White Oak Estates area, but it's kind of undefined.... It's near Northeast Creek Park if that helps.