7305 Tryon st - Apartments FOR SALE


Charlotte, NC 28262- Mineral Springs
$3,700,000 USD
844-474-4666
7305 Tryon st, Charlotte, NC for Sale
$3,700,000 USD
Apartments - FOR SALE
1/7

7305 Tryon st
Charlotte, NC 28262
Mineral Springs


HIGHLIGHTS

  • Approved for 111 units / 293 beds, purpose-built for UNC Charlotte demand.
  • Just 11 minutes to the heart of UNC Charlotte’s campus via Blue Line Light Rail (3-minute walk to station, 8-minute ride to campus).
  • UNC Charlotte posted record enrollment in fall 2024, with Junction 49 and Arcadia as successful nearby comps along N Tryon St.
  • North Carolina's population is up ~6% since 2020, with continued YoY growth. Charlotte metro population is up ~5% since 2020.
  • Home to Fortune 500 employers - Bank of America, Lowe’s, Honeywell, Truist, Duke Energy, Nucor, and more — driving both job and student growth.
  • This can also be suitable for affordable housing.

OVERVIEW

Sands Investment Group is pleased to exclusively present for sale the 0.89- acre UNCC Student Housing Development Opportunity, strategically located at 7305 N Tryon Street in Charlotte, NC. This premier project is fully approved for 111 units / 293 beds, specifically designed to meet the strong and growing demand from UNC Charlotte students. Investors are offered Class A shares featuring a 9% preferred return, along with a 70% profit split following the return of capital and preferred returns, making this an exceptional investment opportunity in one of Charlotte’s most dynamic growth corridors. In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021

FOR SALE DETAILS

PRICE

$3,700,000 USD

# OF UNITS

111

PRICE/UNIT

$33,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UNCC Student Housing Project - Charlotte, NC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

047-221-20

ASK ABOUT THIS PROPERTY

Cole KoepsellSands Investment Group Atlanta, LLCMore Info
844-474-4666

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Cole KoepsellSands Investment Group Atlanta, LLCMore Info
844-474-4666

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