| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 58th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2344 Copperstone Dr, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 2004 |
| Units | 20 |
| Transaction Date | 2002-09-11 |
| Transaction Price | $1,500,000 |
| Buyer | COPPER MILL VILLAGE APARTMENTS LLC |
| Seller | CASHION BONNIE B |
2344 Copperstone Dr High Point 20-Unit Investment
Neighborhood occupancy runs at roughly mid-90s and sits above the metro median, indicating durable renter demand for stabilized operations, according to WDSuites CRE market data.
Positioned in an Inner Suburb pocket of High Point, this asset benefits from a neighborhood rated A and ranked 11th among 245 Greensboro High Point neighborhoods a competitive position within the metro. Local occupancy is 95.4% at the neighborhood level, supporting leasing stability for smaller assets.
Amenity access trends favor day-to-day convenience: restaurants, cafes, childcare, and pharmacies index above national medians, while park access is limited. For investors, this mix tends to support steady daily traffic and service employment while modest green space may reduce outdoor amenity appeal unless provided on-site.
The 2004 construction is slightly newer than the neighborhood s early-2000s average. That vintage can compete well against older stock in the submarket, with potential to capture demand through light modernization and systems updates as needed (interiors, common areas, and energy efficiency) without the heavier capital profile of 1980s 90s product.
Renter concentration in the immediate area is roughly one-third of housing units, indicating a meaningful tenant base without overreliance on turnover. Within a 3-mile radius, the past five years show population growth alongside a larger increase in households, pointing to smaller household sizes and a broader pool of prospective renters factors that typically support occupancy stability for well-maintained properties.
Ownership costs in this part of Guilford County are relatively accessible compared with higher-cost U.S. markets. That can introduce some competition from entry-level ownership, but a rent-to-income profile near the neighborhood level that suggests moderate affordability supports lease retention for quality units priced in line with local incomes.
Safety metrics for the neighborhood track close to metro norms and below the safest national percentiles. Within the Greensboro High Point metro (245 neighborhoods), the area trends around the middle of the pack, while national percentiles indicate a setting that is not among the strongest nationally. Recent year-over-year estimates show modest declines in both property and violent offense rates, a constructive directional signal but not a guarantee of continued improvement.
For investors, this context suggests standard risk management: maintain strong lighting and access controls, emphasize resident screening and community standards, and consider camera coverage for common areas to help support retention and asset performance over time.
- VF apparel (11.9 miles) HQ
- BB&T Corp. banking (16.2 miles) HQ
- Reynolds American consumer goods/tobacco (16.2 miles) HQ
- Hanesbrands apparel (20.1 miles) HQ
- Laboratory Corp. of America diagnostics (30.3 miles) HQ
Nearby corporate headquarters and major offices across apparel, banking, and consumer goods provide a diversified employment base that supports renter demand and commuting convenience for workforce and professional tenants, including VF, BB&T Corp., Reynolds American, Hanesbrands, and Laboratory Corp. of America.
This 20-unit 2004 asset in High Point aligns with steady neighborhood fundamentals: competitive metro ranking (11th of 245), above-median neighborhood occupancy near the mid-90s, and amenity access that supports daily convenience. Within a 3-mile radius, recent increases in household counts and a shift toward smaller household sizes point to a broader tenant base, aiding leasing and renewal prospects. According to CRE market data from WDSuite, rent levels and rent-to-income dynamics in the neighborhood indicate manageable affordability, which can support retention when units are maintained and positioned appropriately.
The 2004 vintage suggests a lighter capital trajectory than older product, with value-add pathways through selective interior refreshes and operational upgrades. Looking ahead, forecasts indicate higher asking rents and continued household expansion even as population growth moderates, which could sustain demand but also requires close attention to pricing strategy and affordability pressure.
- Competitive neighborhood placement (11th of 245) with above-median occupancy supporting leasing stability
- 2004 vintage with potential value-add through targeted interior and systems modernization
- Household growth within 3 miles expands the renter pool and supports renewal rates
- Diverse nearby employment hubs (VF, BB&T, Reynolds, Hanesbrands, Labcorp) underpin demand
- Risks: limited park access locally, potential affordability pressure with faster rent growth, and safety performance near metro averages