100% Occupied | 10-Unit Apartment Complex | Charlotte MSA
406 W 9th St
Charlotte, NC 28202
FOR SALE
Property Type:
MultiFamily ApartmentsAmount:
$2,500,000
Last Verified:
Oct 03, 2025Daily Email Blast
0 times
Highlights
- 10 Class A 1 bedroom, 1 bathroom apartments located within a short distance of hundreds of thousands high paying white collar jobs in the 2nd largest banking Center in the U.S.
- 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
Description
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.
Charlotte, NC MSA
Year Built: 1983
Building Size: 5704sq ft
Lot Size: 0.16 acres
