| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 77th | Best |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 908 Summit Walk Dr, Charlotte, NC, 28270, US |
| Region / Metro | Charlotte |
| Year of Construction | 1986 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
908 Summit Walk Dr Charlotte Multifamily Investment
Suburban Charlotte location with stable neighborhood occupancy and a deep, high-income renter base supports steady leasing, according to WDSuite s CRE market data.
Located in a suburban pocket of Charlotte, the property benefits from neighborhood fundamentals that are competitive among Charlotte-Concord-Gastonia neighborhoods. Neighborhood occupancy is solid and has trended higher over the past five years, sitting above the national mid-point and supporting consistent cash flow potential for multifamily operators.
Livability skews toward family conveniences over urban retail density. Neighborhood data show strong access to parks and childcare (both above national averages), while immediate-block retail like cafes, restaurants, and pharmacies is limited; most residents rely on nearby corridors for daily needs. For investors, this pattern often aligns with longer tenures and lower resident turnover compared to denser, entertainment-led locations.
Tenure metrics indicate a meaningful renter-occupied share in the neighborhood (about two-fifths of housing units), providing depth to the tenant pool. Within a 3-mile radius, household incomes are high and median contract rents remain well supported; population and household counts are projected to increase through 2028, pointing to ongoing renter pool expansion and demand for rental units. These dynamics typically support occupancy stability and measured pricing power rather than outsized volatility.
Ownership costs in the neighborhood are elevated relative to national norms, which tends to reinforce reliance on multifamily housing and favor lease retention for well-managed assets. The property s 1986 vintage is newer than the neighborhood s average construction year, suggesting a competitive position versus older stock, though investors should anticipate typical modernization and systems upgrades as part of capital planning.
Neighborhood safety indicators sit below the national median when compared to neighborhoods nationwide, and the area ranks mid-pack within the Charlotte metro. Recent trends show an incremental improvement in property-related incidents over the past year, which is a constructive signal to monitor rather than a definitive shift. Investors should underwrite with conservative assumptions, emphasizing on-site security protocols and resident experience to support retention.
Proximity to a diversified employment base including headquarters and major offices in auto retail, steel, industrial gases, networking, and utilities supports commuter convenience and broad renter demand. The nearby employers listed below are key drivers for leasing stability in this submarket.
- Sonic Automotive auto retail (3.1 miles) HQ
- Nucor steel (3.5 miles) HQ
- Airgas industrial gases (6.3 miles)
- Cisco Systems networking & technology (6.9 miles)
- Duke Energy utilities (7.2 miles) HQ
908 Summit Walk Dr offers a suburban Charlotte positioning with occupancy that is competitive within the metro and above the national mid-point, supported by a meaningful renter-occupied presence and high-income households within a 3-mile radius. Elevated ownership costs in the surrounding neighborhood reinforce rental demand and can aid lease retention for well-amenitized communities. According to CRE market data from WDSuite, the neighborhood s rent levels are well supported by income profiles, suggesting steady renter demand rather than overshoot-driven volatility.
Built in 1986, the asset is newer than the area s average vintage, which can provide a relative edge against older stock while still presenting typical value-add opportunities through modernization and system upgrades. Limited immediate-block retail and safety metrics that trail national medians are underwriting considerations, but proximity to multiple headquarters and major employers offers strong commuter appeal that helps sustain demand across cycles.
- Metro-competitive neighborhood occupancy supports steady cash flow potential
- High-income tenant base within 3 miles underpins rent levels and retention
- 1986 vintage offers relative competitiveness plus modernization/value-add upside
- Headquarters and major employers nearby bolster leasing stability
- Risks: below-median safety metrics and limited walkable retail; underwrite for prudent OPEX and resident-experience investments