| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 83rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14115 Wynhollow Downs Ln, Charlotte, NC, 28277, US |
| Region / Metro | Charlotte |
| Year of Construction | 1998 |
| Units | 24 |
| Transaction Date | 1999-10-13 |
| Transaction Price | $21,545,000 |
| Buyer | KNICKERBOCKER PROPERTIES INC XX |
| Seller | THE SPANOS CORP |
14115 Wynhollow Downs Ln Charlotte Multifamily Investment
Neighborhood-level occupancy remains strong and renter demand is deep in this A+ inner suburb, according to WDSuite's CRE market data, supporting an income-focused hold with limited volatility. Metrics cited here reflect the surrounding neighborhood, not the property itself.
Positioned in Charlotte's A+ rated inner suburb, the property benefits from location fundamentals that rank in the top quartile among the metro's 709 neighborhoods. Neighborhood occupancy is high with an upward five-year trend, and the median contract rent is around $1,735, indicating durable pricing power relative to broader U.S. norms (per WDSuite's commercial real estate analysis). The area's share of renter-occupied units is above national averages, signaling a sizable tenant base and steady leasing velocity.
Local amenity access is a differentiator: restaurants and parks place competitively among Charlotte neighborhoods, with childcare density also in the top quartile, while grocery and pharmacy access track above the metro median. These features enhance day-to-day livability and help support retention across a range of renter profiles.
Within a 3-mile radius, population and household counts have increased in recent years, with forecasts pointing to additional growth by mid-decade. Rising household incomes and an expanding family base imply a larger tenant pool over time, which tends to support occupancy stability and renewal rates for well-managed assets.
The median home value in the neighborhood is elevated compared with national norms, which reinforces continued reliance on multifamily housing. At the same time, a neighborhood rent-to-income ratio of about 0.17 suggests manageable affordability pressure, supporting lease retention while allowing for disciplined revenue management.
Safety signals are mixed. Relative to the 709-neighborhood Charlotte metro, the area performs above the metro median, but nationally it tracks below average safety percentiles. Investors can view this as locally competitive, though not a top-tier safety profile versus suburban peers nationwide.
Recent one-year estimates indicate increases in both property and violent offense rates at the neighborhood level. While not property-specific, these trends warrant routine risk management such as lighting, access control, and active community engagement to support resident experience and retention.
Proximity to established corporate employers underpins renter demand and commute convenience for the surrounding neighborhood. Key nearby employers include Nucor, Airgas, Sonic Automotive, AmerisourceBergen, and Cisco Systems.
- Nucor — steel manufacturing (7.5 miles) — HQ
- Airgas — industrial gases & supplies (7.9 miles)
- Sonic Automotive — auto retail (9.4 miles) — HQ
- AmerisourceBergen Healthcare Consultants — healthcare services (10.5 miles)
- Cisco Systems — technology offices (10.8 miles)
This 24-unit asset, built in 1998, competes in a neighborhood where occupancy is high and renter concentration is substantial, supporting consistent collections and renewal potential. The property is slightly older than the neighborhood's average vintage, which points to modest capital planning needs; targeted interior and systems upgrades can sharpen competitive positioning against newer stock while leveraging strong local demand. Elevated neighborhood home values and growing higher-income households within 3 miles further reinforce the depth of the renter pool and potential for steady absorption.
According to CRE market data from WDSuite, the neighborhood's rent levels, high occupancy, and above-median amenity access compare favorably to metro and national benchmarks. Forward-looking demographics within a 3-mile radius—including projected population and household growth—suggest a larger tenant base over the next five years, supporting occupancy stability and measured rent growth for well-maintained properties.
- High neighborhood occupancy and renter depth support leasing stability
- 1998 vintage allows value-add via targeted renovations and systems updates
- Elevated ownership costs locally reinforce multifamily demand and retention
- 3-mile population and household growth expand the tenant base
- Risk: neighborhood safety ranks below national averages—standard security and lighting plans recommended