| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Poor |
| Demographics | 37th | Good |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 Kings Falls Ct, Kings Mountain, NC, 28086, US |
| Region / Metro | Kings Mountain |
| Year of Construction | 2010 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
425 Kings Falls Ct, Kings Mountain Multifamily
Neighborhood renter demand is competitive within the Shelby, NC metro, supporting lease-up and retention potential, according to WDSuite’s CRE market data. A 2010 vintage positions the asset favorably versus older local stock.
The property sits in an Inner Suburb pocket of Kings Mountain rated A- and ranked 9 out of 45 metro neighborhoods — competitive among Shelby, NC neighborhoods. The area offers everyday conveniences, with restaurants, pharmacies, and grocery options present at levels that compare well to many peer neighborhoods. Average school ratings are mid-range locally and land in the upper half nationally, which can help sustain family-oriented renter interest.
Vintage matters here: neighborhood housing skews older (average year 1967), while this asset’s 2010 construction is newer than most area stock. That typically supports leasing competitiveness and can moderate near-term capital needs, though investors should still plan for selective modernization as systems approach mid-life.
Unit tenure data indicates a high share of renter-occupied housing in the neighborhood, competitive among Shelby, NC neighborhoods. For multifamily owners, that signals a deeper tenant base and supports demand durability across cycles.
Demographics aggregated within a 3-mile radius show recent population growth and a projected double-digit increase over the next five years, pointing to a larger renter pool over time. Household counts are expected to rise as well, even as average household size trends slightly lower, which can translate into more households seeking rental options and support occupancy stability.
On operating fundamentals, neighborhood occupancy has edged higher over the past five years but remains below national norms. This suggests room for operational upside with effective marketing and management while pricing remains sensitive to value. Ownership costs in the broader area are relatively accessible by national comparison, which can create competition with entry-level ownership; investors should balance this with rent-to-income levels that are generally manageable, aiding lease retention.
Safety indicators for the neighborhood compare favorably to many areas nationwide, with overall crime ranked 6 out of 45 in the Shelby, NC metro — competitive among local neighborhoods — and national percentiles indicating relatively stronger safety than average. Property-related incidents show notable year-over-year improvement, while recent violent incident trends have been more mixed.
For investors, the directional takeaway is that safety compares well locally and stacks in higher national percentiles, though monitoring near-term trend volatility remains prudent. Property-level risk management and resident engagement can help reinforce the positive trajectory reflected in recent data.
Proximity to regional employers supports workforce housing demand and commute convenience, led by utilities, healthcare distribution, industrial gases, networking technology, and a major utility headquarters within commuting range.
- Duke Energy — utilities offices (21.6 miles)
- AmerisourceBergen Healthcare Consultants — healthcare distribution (23.8 miles)
- Airgas — industrial gases (26.0 miles)
- Cisco Systems — networking & technology (27.0 miles)
- Duke Energy — utilities (27.6 miles) — HQ
425 Kings Falls Ct is a 2010-vintage, 36-unit multifamily property positioned in a neighborhood that ranks competitively within the Shelby, NC metro. The asset’s newer construction relative to the area’s older housing stock enhances its leasing position and may temper near-term capital expenditures, while selective modernization can support rent growth and long-term competitiveness. Neighborhood renter concentration is strong for the metro, and demographics within a 3-mile radius point to continued population growth and a larger tenant base ahead. According to CRE market data from WDSuite, neighborhood occupancy has been improving, suggesting room for operational gains with disciplined management and value-oriented pricing.
Key considerations for underwriting include mixed but generally favorable local safety comparisons, mid-range schools that still score above many areas nationally, and an ownership landscape that is accessible by national standards — a factor that can create competition with homeownership at the margin. Balancing these with a growing renter pool and the property’s relative vintage and unit scale supports a steady, fundamentals-driven thesis.
- Newer 2010 construction versus older local stock supports leasing and moderates near-term capex.
- Competitive neighborhood standing within the Shelby, NC metro with improving occupancy trends.
- Strong renter-occupied housing share and projected population growth (3-mile radius) deepen the tenant base.
- Accessible ownership options locally may compete with rentals — pricing and retention strategies are important.
- Safety compares well locally and in national percentiles, though trends should be monitored.