Norman Lofts
$10,600,000
14801 Statesville Rd, Huntersville, NC 28078
41,190 sqft
Building Size
1.94 acres
Lot Area
Details:
Highlights:
- - Newly Constructed 45-Unit Class A Multifamily Community (2025)
- - Institutional-Quality Asset with Remaining Lease-Up Upside
- - Opportunity to Increase Cash Flow Through Operational Stabilization
- - Premier Huntersville Location within the Charlotte Metropolitan Area
- - Modern Apartment Homes with Detached Garages and Premium Finishes
- - Minimal Deferred Maintenance and Limited Future Capital Requirements
- - Strong Population Growth, Affluent Demographics, and Lake Norman Lifestyle Amenities
Description:
Norman Lofts Apartments presents the opportunity to acquire a newly constructed 45-unit Class A multifamily community located in Huntersville, one of the Charlotte Metropolitan Area's fastest-growing suburban markets. Completed in 2025, the Property is currently in the final stages of lease-up, allowing investors to acquire a high-quality asset while benefiting from continued lease-up within a market that is approaching the end of its current supply cycle, positioning investors to benefit from improving occupancy, stronger cash flow, and long-term rent growth.
The Property features a balanced mix of studio, one-bedroom, and two-bedroom apartment homes ranging from approximately 479 to 904 square feet. Residents enjoy modern interiors with stainless steel appliances, granite islands, individually metered utilities, detached garages, and professionally maintained common areas. Because the community was recently completed, ownership should benefit from limited near term capital expenditure requirements compared to older multifamily assets.
Norman Lofts is strategically positioned along Statesville Road (US-21) with immediate access to Interstate 77, Lake Norman, Downtown Huntersville, Birkdale Village, Uptown Charlotte, Charlotte Douglas International Airport, and many of the region's largest employment centers. Continued population growth, expanding employment opportunities, and strong household incomes support long-term apartment demand throughout the Huntersville submarket.
Unlike traditional value-add acquisitions that rely on extensive renovations and significant capital investment, Norman Lofts offers investors the opportunity to complete the remaining lease-up of a newly constructed apartment community. As occupancy continues to increase, investors have the potential to improve cash flow while owning a newly constructed institutional-quality asset with minimal deferred maintenance.
With modern construction, strong market fundamentals, professional management, and continued lease-up momentum. Norman Lofts represents an attractive acquisition opportunity for investors seeking a newly constructed Class A multifamily community with remaining lease up upside, long-term appreciation potential, and limited future capital expenditure requirements.
Financials Available upon execution of a Confidentiality Agreement.
Located along Statesville Road (US-21), Norman Lofts enjoys excellent access to Interstate 77, Lake Norman, Birkdale Village, Uptown Charlotte, Charlotte Douglas International Airport, and the region's major employment centers. Huntersville continues to experience strong population and employment growth, making the area one of the Charlotte region's most attractive multifamily investment markets.
Location
