| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10005 Rose Brook Ln, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2000 |
| Units | 54 |
| Transaction Date | 2003-08-20 |
| Transaction Price | $25,100,000 |
| Buyer | WMCI CHARLOTTE I LLC |
| Seller | ROSEDALE COMMONS LLC |
10005 Rose Brook Ln Huntersville Multifamily
Neighborhood occupancy remains high and renter demand is supported by strong household incomes, according to WDSuite s CRE market data, positioning this asset for stable leasing in an inner-suburban Charlotte corridor.
The property sits in an Inner Suburb of the Charlotte-Concord-Gastonia metro with an A-rated neighborhood profile, ranked 37th among 709 metro neighborhoods 1 Competitive among Charlotte-Concord-Gastonia neighborhoods. Neighborhood occupancy is 97.5% (neighborhood-level), reinforcing near-term leasing stability and renewal potential.
Livability drivers skew toward daily convenience rather than entertainment density. Grocery access is strong relative to the metro (ranked 43rd of 709; top quartile nationally), and childcare availability ranks near the top of the metro as well. Restaurants are moderate, while parks and cafes are limited within the neighborhood footprint, suggesting residents rely on broader submarket amenities.
On pricing and renter depth, neighborhood rents sit in the upper tier nationally (top quintile), while rent-to-income levels trend manageable, supporting retention and measured pricing power. The share of housing units that are renter-occupied is 46.3%, indicating a sizable renter concentration that underpins multifamily demand without overreliance on transient leasing.
Within a 3-mile radius, demographics show a growing and affluent tenant base. Population increased over the last five years with households up about 15%, and WDSuite data projects further household growth by 2028 alongside a smaller average household size 1 dynamics that typically expand the renter pool and support occupancy stability. Median household income near $110,000 and a rising upper-income share point to durable ability to pay, aligning with the neighborhood 9s above-median contract rents.
Built in 2000, the asset is newer than the neighborhood 9s average vintage (1991). This positioning usually improves competitive standing versus older stock, while investors should still plan for mid-life systems upkeep and targeted renovations to sustain rent positioning.
Neighborhood-level crime metrics are not available in WDSuite for this location. Investors commonly benchmark safety by reviewing city and county trend reports and comparing them to peer inner-suburban areas of the Charlotte metro, alongside on-site security measures and property-level incident histories.
Proximity to major corporate offices supports a diverse employment base and commute convenience for residents, notably in pharmaceuticals, home improvement retail, utilities, foodservice distribution, and banking. These nearby employers help stabilize renter demand and renewal outcomes.
- Merck 1 pharmaceuticals (7.7 miles)
- Lowe's 1 home improvement retail (8.9 miles) 1 HQ
- Duke Energy 1 utilities (9.9 miles)
- Sysco 1 foodservice distribution (11.8 miles)
- Bank of America Corp. 1 banking (12.8 miles) 1 HQ
This 54-unit, 2000-vintage property benefits from a high-performing inner-suburban location where neighborhood occupancy is strong and renter concentration provides depth for stabilized operations. According to CRE market data from WDSuite, local rents track in the upper national tier while rent-to-income levels remain supportive, suggesting balanced pricing power rather than overextension.
Within a 3-mile radius, recent population gains, double-digit household growth, and a rising upper-income cohort expand the tenant base and support renewal performance. The 2000 vintage is competitively positioned versus older stock in the area, though investors should plan for mid-life systems upkeep and selective updates to protect rent positioning over the hold period.
- High neighborhood occupancy and solid renter concentration support leasing stability
- Upper-tier rent positioning with manageable rent-to-income mix aids retention
- 3-mile radius shows population and household growth, expanding the renter pool
- 2000 vintage offers competitive standing vs. older stock with targeted value-add potential
- Risks: thinner parks/caf e9 density and an ownership-leaning area may moderate leasing velocity in softer cycles