100% Occupied | 10-Unit Apartment Complex | Charlotte MSA
$2,500,000
406 W 9th St, Charlotte, NC 28202
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 10/06/2025
5,704 sqft
Building Size
0.16 acres
Lot Area
Details:
Building Size: 5,704 sqft
Lot Area: 0.16 acres
Occupancy: 100%
Units: 10
Year Built: 1983
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
Documents:
| Title | ||
|---|---|---|
| Charlotte_Multifamily_Portfolio_Offering_Memorandum_-_406_W_9th_Street_v3.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
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