| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14615 Reese Blvd W, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 2003-08-20 |
| Transaction Price | $25,100,000 |
| Buyer | WMCI CHARLOTTE I LLC |
| Seller | ROSEDALE COMMONS LLC |
14615 Reese Blvd W Huntersville Multifamily Opportunity
Neighborhood occupancy near 97.5% suggests durable leasing conditions and steady renter demand, according to WDSuite s CRE market data. Renter-occupied housing is meaningful in the neighborhood, supporting depth for a 24-unit asset while pricing discipline remains important.
Situated in Huntersville s inner suburb of the Charlotte metro, the neighborhood carries an A rating and ranks 37th among 709 metro neighborhoods a competitive position that points to durable fundamentals for multifamily investors. Occupancy at the neighborhood level is strong and above the metro median (top quartile among 709), providing a favorable backdrop for stabilizing rent rolls and mitigating downtime between turns.
Local convenience is solid, with grocery and pharmacy access ranking competitively among Charlotte neighborhoods (both above the metro median), which helps day-to-day livability for residents and supports retention. Childcare coverage is particularly strong at a top-tier metro rank, while parks and cafe density are thinner in the immediate area a trade-off investors should consider when positioning amenities and marketing.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, pointing to a larger tenant base over the medium term. Median household incomes are high relative to many suburbs, and rent levels sit in a range that keeps rent-to-income favorable at the neighborhood level, which can support lease renewal rates when paired with measured increases.
The property s 2000 construction vintage is newer than the neighborhood s average 1991 stock. That relative youth can be a competitive edge versus older product, though investors should still underwrite for modernization of interiors and selective system updates to match current renter expectations.
Tenure patterns indicate a notable share of renter-occupied units in the neighborhood, reinforcing demand for multifamily housing. At the same time, elevated home values in the area signal a high-cost ownership market for many households, which tends to sustain reliance on rental options and can support occupancy stability.
Comparable inner-suburban areas of the Charlotte metro can show varying safety profiles over time. Specific crime metrics for this neighborhood are not available in the provided dataset, so investors should review trend data and comparable locations to benchmark risk and align onsite measures with resident expectations.
A prudent approach is to evaluate multi-year patterns, property-level incident history, and proximity to well-trafficked commercial corridors to inform security planning, using WDSuite s data as one of several inputs.
Proximity to established corporate employers supports a commuter-friendly renter base and underpins leasing durability for workforce and professional households. Nearby anchors include Merck, Lowe s, Duke Energy, Sysco, and Bank of America Corp.
- Merck pharmaceuticals (7.7 miles)
- Lowe's home improvement retail (8.9 miles) HQ
- Duke Energy utilities (9.9 miles)
- Sysco foodservice distribution (11.8 miles)
- Bank of America Corp. banking (12.8 miles) HQ
Huntersville s neighborhood fundamentals signal a balanced investment case: above-median occupancy for the metro, competitive access to daily needs, and a growing 3-mile renter pool that expands the marketing universe for a 24-unit asset. Elevated home values in the neighborhood context help sustain rental demand and can support retention when paired with thoughtful rent management; according to CRE market data from WDSuite, neighborhood occupancy trends remain strong versus many peer areas.
Built in 2000, the property is newer than much of the local stock, offering relative competitiveness against older assets while still leaving room for value through targeted renovations and systems updates. Household growth within 3 miles, combined with strong employer access, supports a steady leasing pipeline over a medium-term hold, though investors should calibrate amenities given lighter park and cafe density nearby and monitor pricing to remain aligned with local affordability.
- Strong neighborhood occupancy and competitive metro rank support income stability
- 2000 vintage offers relative edge versus older stock with value-add potential
- Expanding 3-mile household base and proximity to major employers bolster leasing
- Risks: thinner park/cafe amenities and high ownership presence nearby require careful positioning and pricing discipline