| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 50th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 720 Sunset Ave, Asheboro, NC, 27203, US |
| Region / Metro | Asheboro |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
720 Sunset Ave Asheboro NC Multifamily Investment
2012 vintage in an inner-suburb location offers competitive positioning versus older local stock and supports durable renter demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit around the national median, with a high share of renter-occupied units indicating depth in the tenant base.
Located in Asheboro’s Inner Suburb fabric, the property benefits from neighborhood fundamentals that are competitive among Greensboro–High Point neighborhoods (ranked 50 out of 245, A- rating). The area’s housing stock skews older (average vintage around 1970), which makes a 2012 asset relatively differentiated and more competitive versus legacy properties from a capital-planning and leasing standpoint.
Amenities are a relative strength locally: amenity access ranks 20 out of 245 (top quartile within the metro), with cafes (rank 25/245) and restaurants (rank 43/245) supporting daily convenience. Grocery access also places in the top quartile metro-wide (rank 61/245). Park access ranks 19/245, indicating usable green space nearby, while pharmacy presence is limited within the neighborhood (rank 245/245), suggesting residents may rely on nearby areas for certain services.
Neighborhood occupancy is near the national median, and the share of housing units that are renter-occupied is high for the metro (rank 42/245; high national percentile), which supports a stable pool of prospective tenants and leasing velocity. Median rents in the neighborhood remain relatively accessible in a national context, which can aid retention but may temper near-term pricing power compared with higher-cost submarkets.
Demographic statistics aggregated within a 3-mile radius point to a growing renter pool: recent population and household increases are projected to continue over the next five years, with renter share expected to edge higher. This trajectory supports occupancy stability and reinforces the case for steady workforce-oriented demand at this location.
School ratings in the neighborhood sit around the middle of the pack for the metro and near the national median, which is neutral for family-oriented leasing but warrants property-level positioning. Home values in the area are comparatively lower in national terms; while that can create some competition with ownership alternatives, it also reinforces the role of multifamily as an accessible option and can support lease retention where rent-to-income remains manageable.
Comparable neighborhood-level safety benchmarks are not available in the provided dataset for this location. Investors typically compare neighborhood trends to metro and national baselines; in the absence of published ranks or percentiles here, a prudent approach is to review recent city and county reports and consult property-level history to contextualize risk and insurance considerations.
Regional employment anchors within commuting range include apparel, healthcare diagnostics, banking, and consumer goods headquarters, which can support renter demand and retention through diversified white- and blue-collar job bases.
- VF — apparel HQ (28.7 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (34.4 miles) — HQ
- BB&T Corp. — banking (35.7 miles) — HQ
- Reynolds American — consumer goods/tobacco (35.9 miles) — HQ
- Hanesbrands — apparel (41.4 miles) — HQ
Built in 2012 with an estimated 30 units and average unit sizes around 900 square feet, 720 Sunset Ave offers a newer product profile than much of the surrounding neighborhood (average vintage circa 1970). This positioning can reduce near-term capital exposure while improving competitive standing against older assets. Neighborhood occupancy trends sit around the national median, and a high share of renter-occupied housing supports a durable tenant base and steady leasing. Based on CRE market data from WDSuite, local rents remain relatively accessible in national context, which supports retention while suggesting measured rent growth strategies.
Three-mile demographic statistics indicate recent population and household growth with projections for further expansion, pointing to a larger tenant base over the medium term. Amenity access ranks in the metro’s top quartile for parks, cafes, and groceries, enhancing livability, though limited pharmacy presence and middling school scores warrant attention in marketing and resident services planning. Ownership costs are comparatively lower in national terms, creating some competition with for-sale options but also underpinning workforce housing dynamics and occupancy stability.
- 2012 vintage offers competitive positioning versus older neighborhood stock, with potential reductions in immediate CapEx.
- High renter-occupied share and near-median occupancy support steady leasing and retention.
- Three-mile population and household growth projections expand the tenant base and support occupancy stability.
- Amenity access (parks, cafes, groceries) enhances livability; limited pharmacy access and average schools are considerations.
- Lower ownership costs in national context may create competition with for-sale housing; measured rent strategies are prudent.