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8710 Research DrCharlotte, NC 28262

96-unit apartment building, 2023 renovation

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 96-unit apartment building, located at 8710 Research Drive in Charlotte, North Carolina's University City submarket, presents a compelling investment opportunity. Originally constructed in 2000 and extensively renovated in 2023, this Class-A property boasts modern luxury finishes and an expansive amenity package. The recent conversion from a hotel to multifamily residences has resulted in impressive property performance and strong organic rent growth. Situated within two miles of Vanguard's new 91-acre campus and Charlotte's second-largest employment center, the property benefits from its proximity to thousands of jobs and a thriving, dynamic neighborhood. While offering upscale living comparable to newer constructions, it provides a significant discount on rental rates compared to other Charlotte submarkets like Uptown, South End, and South Park, making it highly attractive to young professionals and students. The building's location within Mecklenburg County, zip code 28262, offers convenient access to employment opportunities and a vibrant urban lifestyle. This boutique living experience combines luxury finishes with a prime location, presenting a strong investment prospect with significant potential for continued growth. The property's positive lease-up trends and strong rent growth further solidify its position as a desirable investment in a rapidly developing area.

Highlights

  • 96-unit Class-A apartment building in Charlotte, NC's University City submarket, offering luxury finishes and extensive amenities.
  • Strong rent growth and positive lease-up trends, with rental rates significantly below comparable new construction.
  • Prime location within two miles of Vanguard's new 91-acre campus.
  • Exceptional location near thousands of jobs and thriving new developments.

Property Details for 8710 Research Dr

Property type
Apartment buildings
Year Built/Renovated
2000/2023
Units
96

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.3153123
Longitude
-80.7617547
8710 Research Dr, Charlotte, North Carolina

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8710 Research Dr
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