| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 51st | Fair |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1115 Campus Pointe Ct, Charlotte, NC, 28262, US |
| Region / Metro | Charlotte |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | 2011-09-20 |
| Transaction Price | $600,000 |
| Buyer | MILL CGC LLC |
| Seller | COASTAL RIDGE REAL ESTATE |
1115 Campus Pointe Ct Charlotte 24-Unit Multifamily
2012 construction and a renter-heavy neighborhood support durable leasing fundamentals, according to WDSuite s CRE market data, with grocery access nearby and steady household growth in the broader 3-mile area.
The property sits in an Inner Suburb of Charlotte (neighborhood rating: B-), where nearby grocery availability is strong relative to most areas in the metro, while cafes, restaurants, parks, and pharmacies are comparatively sparse. This mix supports day-to-day convenience but suggests limited walkable dining and third-place amenities, which can influence lease-up strategy and resident programming.
At the neighborhood level, occupancy has trended up over the last five years but remains below the metro median among 709 Charlotte-area neighborhoods, based on CRE market data from WDSuite. Importantly, the neighborhood has a very high renter concentration (renter-occupied share), signaling depth in the tenant base for multifamily operators; this is a neighborhood metric, not the property s occupancy.
Construction vintage in the surrounding area skews older (average 1992), so a 2012 asset is comparatively newer. That positioning can help competitiveness against older stock, while investors should still plan for mid-life systems and common-area refresh cycles over the hold.
Within a 3-mile radius, demographics point to a large 18 34 cohort and rising households, with population growth over the past five years and additional increases forecast. This expansion in households and a renter share that is projected to rise supports a larger tenant base and occupancy stability over time. School ratings in the neighborhood score on the low side, which may tilt demand toward singles and roommate households rather than school-driven moves; lease marketing can reflect that profile.
Affordability signals are mixed. Neighborhood-level rent-to-income ratios indicate elevated affordability pressure, which can affect renewal strategies and rent pacing. However, the 3-mile area shows rising incomes alongside rent growth, suggesting pricing power is possible with careful lease management and unit positioning.
Safety indicators for the neighborhood are below the national median overall, with property and violent offense levels placing in lower national percentiles compared with neighborhoods nationwide. Recent year-over-year trends show improvement, indicating momentum in the right direction. These metrics are neighborhood-level and should be evaluated alongside submarket and property-specific controls.
For context, the neighborhood s safety sits below many Charlotte-area peers, not top quartile among the metro s 709 neighborhoods. Investors may consider on-site measures (lighting, access control) and resident engagement as part of underwriting and operations planning.
The location is proximate to a diverse employment base that supports renter demand and commute convenience, including Merck, Sysco, Bank of America, Duke Energy, and Sonic Automotive.
- Merck corporate offices (2.9 miles)
- Sysco corporate offices (8.6 miles)
- Bank of America Corp. financial services (9.0 miles) HQ
- Duke Energy utilities (9.4 miles) HQ
- Sonic Automotive automotive retail (10.3 miles) HQ
1115 Campus Pointe Ct offers a 2012 vintage, 24-unit profile positioned against an older neighborhood stock, which can aid leasing and retention versus nearby alternatives. Neighborhood occupancy has been improving but sits below the metro median; pairing newer construction with targeted unit finishes and amenity programming should help maintain competitiveness. Within a 3-mile radius, population and households have grown and are forecast to continue expanding, pointing to renter pool expansion that supports occupancy stability and measured rent growth. According to commercial real estate analysis from WDSuite, the surrounding area s renter share is high and projected to rise, reinforcing multifamily demand.
Key considerations include the neighborhood s limited walkable dining/cafe options, below-median safety standing, and elevated rent-to-income signals at the neighborhood level factors that call for disciplined lease management, value-oriented unit mixes, and on-site safety enhancements. The asset s relative youth provides a head start, though investors should plan for mid-life CapEx and common-area updates during the hold.
- 2012 vintage competes well versus older neighborhood stock; plan for mid-life systems over the hold.
- Renter-heavy neighborhood and 3-mile household growth support tenant-base depth and occupancy stability.
- Proximity to major employers underpins leasing, with convenience to regional job centers.
- Risk: below-median neighborhood safety and elevated rent-to-income ratios require careful lease and operations management.
- Amenities are grocery-convenient but light on walkable dining; align unit finishes and pricing with resident expectations.