406 W 9th St - Apartments FOR SALE


Charlotte, NC 28202- Fourth Ward
$2,500,000 USD
980-226-6626
406 W 9th St, Charlotte, NC for Sale
$2,500,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

406 W 9th St
Charlotte, NC 28202
Fourth Ward


HIGHLIGHTS

  • 10 Class A 1 bedroom, 1 bathroom apartments located within a short distance of hundreds of thousands high paying white collar jobs
  • Current in place rents below market
  • Rare 10 unit apartment building in Uptown Charlotte Generally considered the best apartment market in the U.S.
  • Average household income for the property’s zip code, 28202, is $ 135,216
  • Adjoining zip code, 28203, is $159,604
  • Bull Realty NC license number C17910

OVERVIEW

This proposed acquisition of 10 one bedrooms, one bathroom Class A apartments located in the central business district known as Uptown is walking distance to hundreds of thousands of high paying white collar jobs in a high growth, high demand, near-zero vacancy market and is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords: near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

UR2

APN/PARCEL ID

078-073-08

ASK ABOUT THIS PROPERTY

Anna Rohde YuanBull Realty Inc.More Info
980-226-6626

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Anna Rohde YuanBull Realty Inc.More Info
980-226-6626

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